https://www.taxtmi.com/caselaws?id=306108 The petition to set aside the order discharging respondent No.2 in a case involving non-remitting of TDS by a Company for the financial year 2016-17 and the vicarious liability of accused No.2 as the Managing Director was dismissed. The Court upheld the Trial Court's decision, finding that the notice did not comply with the Income Tax Act, as it did not clearly designate accused No.2 as the Principal Officer of the Company. The Court concluded that there was no evidence to suggest accused No.2's direct involvement in managing the Company's day-to-day affairs, affirming the discharge of respondent No.2. en-us Fri, 11 Mar 2022 00:00:00 +0530 Tue, 10 Jan 2023 21:17:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306108 The petition to set aside the order discharging respondent No.2 in a case involving non-remitting of TDS by a Company for the financial year 2016-17 and the vicarious liability of accused No.2 as the Managing Director was dismissed. The Court upheld the Trial Court's decision, finding that the notice did not comply with the Income Tax Act, as it did not clearly designate accused No.2 as the Principal Officer of the Company. The Court concluded that there was no evidence to suggest accused No.2's direct involvement in managing the Company's day-to-day affairs, affirming the discharge of respondent No.2. Case-Laws Income Tax Fri, 11 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306108