https://www.taxtmi.com/caselaws?id=204584 The court held that directors of a private limited company were liable under Section 179 of the Income-tax Act, 1961, due to their gross neglect in failing to file returns for over a decade, leading to significant dues to statutory authorities. The court clarified that liability under Section 179 could arise from any one of gross neglect, misfeasance, or breach of duty. Additionally, the court determined that "tax" under Section 179 did not include penalty and interest for directors, but the company itself was liable for all three components under Section 222. The petition was rejected, confirming the respondents' order. en-us Mon, 15 Jun 2009 00:00:00 +0530 Sat, 24 Mar 2012 13:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204584 The court held that directors of a private limited company were liable under Section 179 of the Income-tax Act, 1961, due to their gross neglect in failing to file returns for over a decade, leading to significant dues to statutory authorities. The court clarified that liability under Section 179 could arise from any one of gross neglect, misfeasance, or breach of duty. Additionally, the court determined that "tax" under Section 179 did not include penalty and interest for directors, but the company itself was liable for all three components under Section 222. The petition was rejected, confirming the respondents' order. Case-Laws Income Tax Mon, 15 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204584