https://www.taxtmi.com/caselaws?id=5367 The Supreme Court held the directors liable under section 179 of the Income-tax Act for the company's tax dues. The Court confirmed the company's recognition as a public limited company under the Companies Act based on a letter from the Registrar of Companies. Emphasizing the constitutional prohibition on tax recovery without legal authority, the Court quashed the orders against the directors, barring further proceedings for tax recovery. However, the decision allowed the Department to pursue other legal avenues for recovering the dues from the company, without refunding any amounts paid during the challenged proceedings. en-us Thu, 20 Feb 1992 00:00:00 +0530 Mon, 24 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5367 The Supreme Court held the directors liable under section 179 of the Income-tax Act for the company's tax dues. The Court confirmed the company's recognition as a public limited company under the Companies Act based on a letter from the Registrar of Companies. Emphasizing the constitutional prohibition on tax recovery without legal authority, the Court quashed the orders against the directors, barring further proceedings for tax recovery. However, the decision allowed the Department to pursue other legal avenues for recovering the dues from the company, without refunding any amounts paid during the challenged proceedings. Case-Laws Income Tax Thu, 20 Feb 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5367