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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Section 487 expands deeming liability for companies and officers, limiting due-diligence defence where consent, connivance or neglect proved</h1> The enacted Section 487 and the Bill both impose deeming liability on companies and persons in charge for corporate tax offences and offer a due-diligence defence for those deemed guilty, but the enacted text expands sub-section (3) to operate 'irrespective of anything contained in sub-section (1) and (2),' thereby preventing reliance on the due-diligence defence where consent, connivance or neglect is proved. Definitions broaden 'company' and 'director' to include firms and controlling members. Practically, officers face greater exposure and should maintain contemporaneous compliance records, though procedural standards and evidentiary rules are not set out.
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