https://www.taxtmi.com/caselaws?id=244935 The court ruled in favor of the petitioner, quashing the order under section 179 of the Income Tax Act, 1961. The court found procedural deficiencies and emphasized the necessity of considering the company's status as a deemed public company. It highlighted the importance of proper inquiry and adherence to legal provisions in cases of director's liability under section 179. en-us Wed, 19 Feb 2014 00:00:00 +0530 Fri, 20 Feb 2015 12:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244935 The court ruled in favor of the petitioner, quashing the order under section 179 of the Income Tax Act, 1961. The court found procedural deficiencies and emphasized the necessity of considering the company's status as a deemed public company. It highlighted the importance of proper inquiry and adherence to legal provisions in cases of director's liability under section 179. Case-Laws Income Tax Wed, 19 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244935