https://www.taxtmi.com/caselaws?id=159726 A company remains a separate juristic person distinct from its directors and other companies, so one company's refund cannot be withheld merely because another company owes tax arrears and shares a common director. In the absence of any statutory provision or material showing that the petitioner-company had assumed the third company's liability, the refund could not be treated as available for recovery of that other company's dues. The withholding was therefore unsustainable, and the refund had to be released to the petitioner with interest in accordance with law. en-us Tue, 20 Apr 1999 00:00:00 +0530 Sat, 30 Nov 2013 14:13:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159726 A company remains a separate juristic person distinct from its directors and other companies, so one company's refund cannot be withheld merely because another company owes tax arrears and shares a common director. In the absence of any statutory provision or material showing that the petitioner-company had assumed the third company's liability, the refund could not be treated as available for recovery of that other company's dues. The withholding was therefore unsustainable, and the refund had to be released to the petitioner with interest in accordance with law. Case-Laws VAT and Sales Tax Tue, 20 Apr 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159726