https://www.taxtmi.com/caselaws?id=234035 Personal recovery of a private company's U.P. trade tax or sales tax dues from a director's assets is impermissible absent pleaded and proved grounds to lift the corporate veil; mere shareholding or control is insufficient. By contrast, Section 18 of the Central Sales Tax Act imposes joint and several liability on directors of a private company in liquidation for central sales tax dues, unless the statutory exception is established by proof that non-recovery was not due to gross neglect, misfeasance, or breach of duty. The article therefore distinguishes between corporate tax liability and the separate statutory exposure of directors under central sales tax law. en-us Fri, 10 May 2013 00:00:00 +0530 Wed, 16 Jul 2014 10:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234035 Personal recovery of a private company's U.P. trade tax or sales tax dues from a director's assets is impermissible absent pleaded and proved grounds to lift the corporate veil; mere shareholding or control is insufficient. By contrast, Section 18 of the Central Sales Tax Act imposes joint and several liability on directors of a private company in liquidation for central sales tax dues, unless the statutory exception is established by proof that non-recovery was not due to gross neglect, misfeasance, or breach of duty. The article therefore distinguishes between corporate tax liability and the separate statutory exposure of directors under central sales tax law. Case-Laws VAT and Sales Tax Fri, 10 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234035