Corporate Updates 14 March 2014

Income Tax: 

Same mobile number in maximum 4 assessee as primary contact number will be allowed in assessee login on IT e-filing site. However, Option has been given to provide mobile number of secondary contact like CA etc. with some additional details.

Company Law: 

Setting an example of company being a separate legal entity different from the Directors of the company, one of the Income Tax Authority in Allahabad held that where a private company which had unpaid outstanding tax dues for the previous years, such dues could not be recovered from director of said company if he/she proves that non recovery of tax due against company could not be attributed to any gross negligence, misfeasance or breach of duty on her part in relation to affairs of company

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