https://www.taxtmi.com/caselaws?id=15782 An authorised controller appointed to manage a company's undertaking under the Industries (Development and Regulation) Act, 1951 did not become the company's assessee or a representative assessee for income-tax purposes. The company continued to exist as the taxable entity, and the controller merely performed the directors' management functions during the period of control. Section 160(1)(iii) of the Income-tax Act, 1961 did not apply because no statutory transfer of assessee status occurred. Accordingly, income-tax arrears attributable to the company's income could not be recovered from the former controller after he ceased to hold office. en-us Thu, 29 Apr 1999 00:00:00 +0530 Sat, 29 Aug 2009 10:47:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15782 An authorised controller appointed to manage a company's undertaking under the Industries (Development and Regulation) Act, 1951 did not become the company's assessee or a representative assessee for income-tax purposes. The company continued to exist as the taxable entity, and the controller merely performed the directors' management functions during the period of control. Section 160(1)(iii) of the Income-tax Act, 1961 did not apply because no statutory transfer of assessee status occurred. Accordingly, income-tax arrears attributable to the company's income could not be recovered from the former controller after he ceased to hold office. Case-Laws Income Tax Thu, 29 Apr 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15782