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Income Tax - Highlights / Catch Notes

Home Highlights October 2012 Year 2012 This

Refund payment to assessee as individual proposed to be adjusted ...


Court Limits Director's Liability to Tax Amount Specified in Section 2(43), Blocking Section 179 Refund Adjustment.

October 22, 2012

Case Laws     Income Tax     HC

Refund payment to assessee as individual proposed to be adjusted against tax liability of the company in which he is a director - section 179 - The petitioner cannot be made liable for anything more than the tax (defined under Section 2 (43)) - HC

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