https://www.taxtmi.com/caselaws?id=244936 The Gujarat High Court ruled in a case involving tax recovery under Section 179 of the Income Tax Act from a director of a public limited company. The Court emphasized the necessity of foundational facts to lift the corporate veil and highlighted the importance of detailed show cause notices. Ultimately, the Court held that the Revenue did not provide sufficient grounds to lift the corporate veil in the case of the public company. Consequently, the writ petitions were allowed, and the orders under Section 179 of the Income Tax Act were quashed. en-us Wed, 19 Feb 2014 00:00:00 +0530 Thu, 09 Jul 2026 14:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244936 The Gujarat High Court ruled in a case involving tax recovery under Section 179 of the Income Tax Act from a director of a public limited company. The Court emphasized the necessity of foundational facts to lift the corporate veil and highlighted the importance of detailed show cause notices. Ultimately, the Court held that the Revenue did not provide sufficient grounds to lift the corporate veil in the case of the public company. Consequently, the writ petitions were allowed, and the orders under Section 179 of the Income Tax Act were quashed. Case-Laws Income Tax Wed, 19 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244936