https://www.taxtmi.com/caselaws?id=28005 The High Court of Madras allowed a criminal revision petition filed by the second accused, a managing director, in a case concerning delayed payment of income tax deductions. The Court held that the managing director cannot be held liable under section 276B of the Income Tax Act without being served a notice under section 2(35)(b) designating him as the principal officer. Since the notice was not served, the Court quashed the proceedings against the managing director, emphasizing that liability under section 276B rests on the company and the principal officer, not solely on the managing director. en-us Wed, 20 Jul 1983 00:00:00 +0530 Wed, 17 Feb 2010 13:16:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28005 The High Court of Madras allowed a criminal revision petition filed by the second accused, a managing director, in a case concerning delayed payment of income tax deductions. The Court held that the managing director cannot be held liable under section 276B of the Income Tax Act without being served a notice under section 2(35)(b) designating him as the principal officer. Since the notice was not served, the Court quashed the proceedings against the managing director, emphasizing that liability under section 276B rests on the company and the principal officer, not solely on the managing director. Case-Laws Income Tax Wed, 20 Jul 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28005