https://www.taxtmi.com/caselaws?id=251799 The court quashed the Income Tax Officer's order holding directors jointly liable for a company's tax dues under Section 179(1) of the Income Tax Act, 1961. The court found that the conditions precedent for invoking Section 179 were not met, as there was no evidence that the tax could not be recovered from the company. The court also noted a lack of proof of gross negligence, misfeasance, or breach of duty by the directors. Consequently, the order was set aside, and the directors were not held liable for the company's tax dues. en-us Tue, 19 Aug 2014 00:00:00 +0530 Tue, 12 May 2015 13:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251799 The court quashed the Income Tax Officer's order holding directors jointly liable for a company's tax dues under Section 179(1) of the Income Tax Act, 1961. The court found that the conditions precedent for invoking Section 179 were not met, as there was no evidence that the tax could not be recovered from the company. The court also noted a lack of proof of gross negligence, misfeasance, or breach of duty by the directors. Consequently, the order was set aside, and the directors were not held liable for the company's tax dues. Case-Laws Income Tax Tue, 19 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251799