https://www.taxtmi.com/caselaws?id=97296 A limited company is a separate legal entity from its shareholders, and its assets do not belong to them personally. Where sales tax is assessed against the company, recovery may be enforced only against the company's assets and not against the personal assets of shareholders. Coercive recovery from shareholders for the company's tax liability was unlawful, and mandamus was granted restraining such recovery. en-us Wed, 11 Aug 1954 00:00:00 +0530 Mon, 16 Jan 2012 12:01:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97296 A limited company is a separate legal entity from its shareholders, and its assets do not belong to them personally. Where sales tax is assessed against the company, recovery may be enforced only against the company's assets and not against the personal assets of shareholders. Coercive recovery from shareholders for the company's tax liability was unlawful, and mandamus was granted restraining such recovery. Case-Laws Companies Law Wed, 11 Aug 1954 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97296