Re: Penalty -Prosecution – Immunity to Director / Principal Officer
In case of a declarant who is a company, will benefit of immunity from penalty and prosecution be extended to directors and principal officer of the company as well – say, in case of settlement of TDS dispute? Similarly, whether such immunity extends to partner of LLP/firm where declaration is filed by LLP/firm?
Ideally, where appeal of company is settled, immunity from prosecution should be granted to the principal officers as well. Suitable clarification should be issued by the CBDT.
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