Declaration by the Company of tax arrears does not cover the tax arrears of the Directors: SC upholds HC judgment [Read Order]

Discharge of liability of one of the noticees would not absolve the other noticees from their liability
Supreme court - tax arrears - Supreme court on high court judgment - Special Leave Petition - Tax arrears declaration - Company tax arrears - Director tax liabilities - TAXSCAN

A two member bench of the SC has dismissed the Special Leave Petition requesting for the waiving the liability of the Directors of Seville Products Ltd. The bench has held the proposal to impose penalties/liability were separate and severable. The appellant had been aggrieved by the levy of penalty under Section 112( a ) of…

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