Liability of Directors continue even though after dissolving Company u/s 248(5) of Companies Act: ITAT upholds Notice u/s 148 of Income Tax Act [Read Order]

By Aparna. M - On March 28, 2024 4:06 pm - 2 mins read

ITAT - ITAT Mumbai - Income Tax - Liability of Directors - TAXSCAN

The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) while upheld the notice issued under Section 148 of the Income Tax Act,1961 observed that liability of directors continues even though after dissolving the company under Section 248(5) of the Companies Act, 2013. The assessee Chandan Realtors Pvt. Ltd. did not file its…

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