Amendment of section 179

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Full Text of the Document

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.....-- For the purposes of this section, the expression "tax due" includes penalty, interest or any other sum payable under the Act.'. - Clause 41 of the Bill seeks to amend section 179 of the Incometax Act relating to liability of directors of private company in liquidation.     The existing provisions in sub-section (1) of section 179 provide that where any tax is due from....