Bombay High Court Quashes Criminal Proceedings Against Nominee Director in TDS Default Case — Lack of Specific Allegations and Mechanical Issuance of Process. Petitioner, an independent non-executive nominee director, was not the principal officer responsible for TDS deduction under Section 2(35) of the Income Tax Act, 1961, and the complaint failed to aver his role in the offence under Section 276-B read with Section 278-B....
The petitioner, Anish Modi, was an independent non-executive nominee director of S. Kumar Nationwide Limited from 27 June 2007 to 12 November 2011. For the financial year 2008-2009, the company failed...
