2019 (11) TMI 758

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....jections submitted by the petitioner to the notice issued, has not been duly considered. 2. Learned counsel Sri. Chythanya K.K. for the petitioner submitted that treating the petitioner as a 'Principal Officer' would result in serious consequences. To come within the ambit of 'Key Management Personnel' as stated by the respondent, the petitioner is neither the Managing Director nor the Chief Executive Officer/the Whole time Director/the Company Secretary/the Chief Financial Officer/anyway connected with the Management/Administration of the Company. 3. Learned counsel submits that these aspects though brought to the notice of the respondent Authority, has not been properly appreciated and a blanket order has been passed tre....

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....y person connected with the management or administration of the local authority, company, association or body upon whom the Assessing Officer has served a notice of his intention of treating him as the principal officer thereof; 7. It is clear that to treat any person as a Principal Officer, such person should be connected with the management or administration of the local authority/company or association or body. Such connection with the management or administration is the basis for treating any person as a Principal Officer. Such connection has to be established or to be supported with substantial material to decide the connection of any person with the management or administration. Without disclosing the basis, no person can be treated ....