https://www.taxtmi.com/caselaws?id=256857 The court clarified the interpretation of section 179 of the Income Tax Act, emphasizing compliance for recovery from directors when unable to recover from the company. Regarding lifting the corporate veil, the court highlighted the necessity of providing notice and opportunity to respond before such action. Emphasizing principles of natural justice, the court quashed the order lacking mention of lifting the corporate veil, granting the petitioner the opportunity to contest the decision. The judgment upheld fairness and due process by ensuring proper notice and opportunity for response in legal proceedings. en-us Thu, 12 Feb 2015 00:00:00 +0530 Tue, 11 Aug 2015 12:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256857 The court clarified the interpretation of section 179 of the Income Tax Act, emphasizing compliance for recovery from directors when unable to recover from the company. Regarding lifting the corporate veil, the court highlighted the necessity of providing notice and opportunity to respond before such action. Emphasizing principles of natural justice, the court quashed the order lacking mention of lifting the corporate veil, granting the petitioner the opportunity to contest the decision. The judgment upheld fairness and due process by ensuring proper notice and opportunity for response in legal proceedings. Case-Laws Income Tax Thu, 12 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256857