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Income Tax - Highlights / Catch Notes

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Liability of the directors u/s 179 - During the devastating ...


Directors Not Liable u/s 179 for Earthquake Damage to Insured Hotel; No Negligence Found.

May 22, 2014

Case Laws     Income Tax     HC

Liability of the directors u/s 179 - During the devastating earthquake of 26.01.2001, the hotel building was severely damaged - building were insured - there was no negligence on the part of directors - HC

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