https://www.taxtmi.com/caselaws?id=233746 Section 179 of the Income-tax Act confines a director's vicarious liability to the company's unpaid "tax due" and does not extend to interest or penalty. The Gujarat HC read the statutory scheme, which separately refers to tax, interest and penalty in recovery provisions, and followed earlier binding precedent to hold that a director may be proceeded against only for the company's tax liability. Recovery of interest and penalty from the director was therefore impermissible, and the impugned recovery action was set aside. en-us Mon, 04 Mar 2013 00:00:00 +0530 Tue, 14 May 2013 13:25:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233746 Section 179 of the Income-tax Act confines a director's vicarious liability to the company's unpaid "tax due" and does not extend to interest or penalty. The Gujarat HC read the statutory scheme, which separately refers to tax, interest and penalty in recovery provisions, and followed earlier binding precedent to hold that a director may be proceeded against only for the company's tax liability. Recovery of interest and penalty from the director was therefore impermissible, and the impugned recovery action was set aside. Case-Laws Income Tax Mon, 04 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233746