Condonation of Delay: directoral disputes and pending company proceedings can constitute reasonable cause, allowing a belated return to be treated as ...
Revisionary jurisdiction under section 263 upheld; faceless assessments subject to revision when AO fails requisite enquiries, remitted for fresh asse...
Limited scope of processing under section 143(1): enhancement without show cause is unsustainable; remand for residency, taxation and TDS verification...
Liability of directors for company tax in liquidation was examined with emphasis on control by a liquidator and recovery from the companys credit ledger; the court found no justification to attach individual directors bank accounts where the company is under liquidator control, and the attachment was ordered vacated. The applicability of recoveries under GST enactments and operation of the credit ledger was recognized as satisfying tax recovery against the company, and directors were granted liberty to apply to respondents to be extricated from the impugned liability, with leave to file within 15 days.
Liability of directors for company tax in liquidation was examined with emphasis on control by a liquidator and recovery from the companys credit ledger; the court found no justification to attach individual directors bank accounts where the company is under liquidator control, and the attachment was ordered vacated. The applicability of recoveries under GST enactments and operation of the credit ledger was recognized as satisfying tax recovery against the company, and directors were granted liberty to apply to respondents to be extricated from the impugned liability, with leave to file within 15 days.
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