https://www.taxtmi.com/caselaws?id=190831 The court ruled in favor of the petitioner, a director of a public limited company, in a case challenging the applicability of Section 179 of the Income Tax Act. The court held that Section 179, which pertains to recovery of tax arrears from directors of private companies, does not extend to public limited companies. The court invalidated the orders dated 11.01.2005 and 19.03.2008, emphasizing that the evidence presented proved the company's public limited status. Consequently, the court quashed the orders and associated proceedings, ruling in favor of the petitioner with no costs imposed. en-us Wed, 26 Feb 2014 00:00:00 +0530 Sat, 04 Mar 2017 10:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190831 The court ruled in favor of the petitioner, a director of a public limited company, in a case challenging the applicability of Section 179 of the Income Tax Act. The court held that Section 179, which pertains to recovery of tax arrears from directors of private companies, does not extend to public limited companies. The court invalidated the orders dated 11.01.2005 and 19.03.2008, emphasizing that the evidence presented proved the company's public limited status. Consequently, the court quashed the orders and associated proceedings, ruling in favor of the petitioner with no costs imposed. Case-Laws Income Tax Wed, 26 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190831