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Offences by companies.

Section 56 - Acts - OFFENCES AND PROSECUTIONS - Other Direct Tax / Income Tax - Section 56 - 56. (1) Where an offence under this Act has been committed by a company, every person who, at the time the offence was committed, was in charge of, and was r .....

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nder any such person liable to any punishment if he proves that the offence was committed without his knowledge or that he had exercised all due diligence to prevent the commission of such offence. (3) Notwithstanding anything in sub-section (1), whe .....

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f the company, such director, manager, secretary or other officer shall also be deemed to be guilty of that offence and shall be liable to be proceeded against and punished accordingly. (4) Where an offence under this Act has been committed by a pers .....

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or, manager, secretary or other officer of the company referred to in sub-section (3), shall be liable to be proceeded against and punished in accordance with the provisions of this Act. (5) In this section- (a) "company" means a body corpo .....

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; and (iii) a company, means a whole-time director, or where there is no such director, any other director or manager or officer, who is in charge of the affairs of the company. Clause 56.-relates to In respect of any such offence, this clause seeks .....

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f the offence and shall be liable to be proceeded against and punished accordingly. However, the said clause further provides that any such person shall not be so liable if he proves that the offence was committed without his knowledge or that he had .....

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