Such declaration would make him liable for prosecution due to the company’s failure to deposit Tax Deducted at Source (TDS) on time for different financial years. When the case was heard by Justice M. Duraiswamy on Monday, Senior Counsel P.S. Raman, representing the petitioner, urged the court to grant an interim stay since a connected criminal case was coming up for hearing before the Delhi High Court on Wednesday. “Further, the company has its corporate office at Delhi from where it is managed and controlled. He also claimed not to be receiving any sitting fee for participating in board meetings of the company or drawing any salary from it.
Source: The Hindu February 19, 2018 20:03 UTC