Amendment of section 179

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..... 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 a private company in respect of any income of any previous year or from any other .....

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