https://www.taxtmi.com/acts?id=50176 Amendment substitutes the sub heading "M Private companies" and renumbers the provision as sub section (1), expanding liability to tax due from a private company for any previous year and from another company for a year when it was private. It inserts sub section (2) excluding application of sub section (1) to persons who were directors where a private company converted to a public company and assessed tax for a previous year when it was private cannot be recovered, in relation to tax assessable for assessment years commencing before the 1st day of April, 1962. en-us Wed, 05 Mar 2025 13:06:19 +0530 Wed, 05 Mar 2025 13:06:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=50176 Amendment substitutes the sub heading "M Private companies" and renumbers the provision as sub section (1), expanding liability to tax due from a private company for any previous year and from another company for a year when it was private. It inserts sub section (2) excluding application of sub section (1) to persons who were directors where a private company converted to a public company and assessed tax for a previous year when it was private cannot be recovered, in relation to tax assessable for assessment years commencing before the 1st day of April, 1962. Act-Rules F. Acts / Amendment Acts Wed, 05 Mar 2025 13:06:19 +0530 https://www.taxtmi.com/acts?id=50176