K.V. REDDY versus ASSISTANT COMMISSIONER OF INCOME-TAX
Private company tax collection The directors 'liabilities are not just taxable from the company, the directors' responsibilities are shared with the companies and many companies do not have joint and multiple liabilities. In the absence of such a finding, the Assessing Officer shall not have the jurisdiction to request Section 179 of the Indian Income Tax Act, 1961, Section 179.
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