https://www.taxtmi.com/caselaws?id=5199 The court upheld the strict liability imposed on directors of private companies in liquidation under section 179 of the Income Tax Act, emphasizing the importance of directors fulfilling their financial obligations even in the event of company liquidation. The proceedings initiated against the directors for the recovery of tax dues were deemed justified, and the High Court's decision to dismiss the writ petition was upheld. The appeal was dismissed, and costs were awarded against the appellants. en-us Thu, 26 Apr 1979 00:00:00 +0530 Sat, 12 Aug 2017 10:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5199 The court upheld the strict liability imposed on directors of private companies in liquidation under section 179 of the Income Tax Act, emphasizing the importance of directors fulfilling their financial obligations even in the event of company liquidation. The proceedings initiated against the directors for the recovery of tax dues were deemed justified, and the High Court's decision to dismiss the writ petition was upheld. The appeal was dismissed, and costs were awarded against the appellants. Case-Laws Income Tax Thu, 26 Apr 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5199