Assessment time-barred u/s 153 due to missing competent-authority reference for Singapore exchange of information; assessment disallowed as barred by ...
Liability of directors for a company tax debt is contingent on a recorded finding that tax dues cannot be recovered from the company; absent such a finding, proceedings against directors under the statutory provision are impermissible, and the impugned order is set aside on that sole ground. The note clarifies that if, during recovery, the precondition of non-recoverability is subsequently established, invocation of the statutory power against directors remains available but must be exercised strictly in accordance with law and upon satisfaction of the prescribed precondition.
Liability of directors for a company tax debt is contingent on a recorded finding that tax dues cannot be recovered from the company; absent such a finding, proceedings against directors under the statutory provision are impermissible, and the impugned order is set aside on that sole ground. The note clarifies that if, during recovery, the precondition of non-recoverability is subsequently established, invocation of the statutory power against directors remains available but must be exercised strictly in accordance with law and upon satisfaction of the prescribed precondition.
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