https://www.taxtmi.com/caselaws?id=249452 The Court held that recovery proceedings against a company's tax dues cannot be pursued against the personal assets of its Directors unless specifically provided in the statute or warranted by law. The doctrine of lifting the corporate veil was deemed inapplicable as there was no evidence of fraud or misuse by the Directors. The company, as a separate legal entity, was solely responsible for its tax liabilities, leading to the quashing of the recovery notice and allowing the writ petition. The Court permitted recovery from the company's assets, absolving the Directors of personal liability. en-us Thu, 08 May 2014 00:00:00 +0530 Thu, 05 May 2016 15:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249452 The Court held that recovery proceedings against a company's tax dues cannot be pursued against the personal assets of its Directors unless specifically provided in the statute or warranted by law. The doctrine of lifting the corporate veil was deemed inapplicable as there was no evidence of fraud or misuse by the Directors. The company, as a separate legal entity, was solely responsible for its tax liabilities, leading to the quashing of the recovery notice and allowing the writ petition. The Court permitted recovery from the company's assets, absolving the Directors of personal liability. Case-Laws VAT and Sales Tax Thu, 08 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249452