https://www.taxtmi.com/caselaws?id=247041 The court held that Section 179 of the Income Tax Act, 1961, which holds directors of private companies liable for unpaid tax dues, does not apply to public limited companies. As the company in question was a public limited company, the court found Section 179 inapplicable, leading to the quashing of the show-cause notice and related proceedings. The court also noted the lack of evidence to support allegations of gross negligence, misfeasance, or breach of duty by the director, ultimately ruling in favor of the petitioner and setting aside all impugned orders under Section 179. en-us Wed, 19 Feb 2014 00:00:00 +0530 Wed, 18 Feb 2015 16:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247041 The court held that Section 179 of the Income Tax Act, 1961, which holds directors of private companies liable for unpaid tax dues, does not apply to public limited companies. As the company in question was a public limited company, the court found Section 179 inapplicable, leading to the quashing of the show-cause notice and related proceedings. The court also noted the lack of evidence to support allegations of gross negligence, misfeasance, or breach of duty by the director, ultimately ruling in favor of the petitioner and setting aside all impugned orders under Section 179. Case-Laws Income Tax Wed, 19 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247041