https://www.taxtmi.com/caselaws?id=247779 The court quashed the tax recovery order against the directors, holding that the non-recovery of tax dues could not be attributed to their neglect or breach of duty. The court emphasized that the Tax Recovery Officer erred in applying Section 179 of the Income Tax Act against the directors. It was also directed that any insurance recovery must be reported to the income tax department before utilization. The petitions were allowed, and the impugned order was quashed. en-us Tue, 29 Apr 2014 00:00:00 +0530 Fri, 10 Oct 2014 12:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247779 The court quashed the tax recovery order against the directors, holding that the non-recovery of tax dues could not be attributed to their neglect or breach of duty. The court emphasized that the Tax Recovery Officer erred in applying Section 179 of the Income Tax Act against the directors. It was also directed that any insurance recovery must be reported to the income tax department before utilization. The petitions were allowed, and the impugned order was quashed. Case-Laws Income Tax Tue, 29 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247779