https://www.taxtmi.com/caselaws?id=7280 A former director of a private company was held personally liable for recovery of the company's tax penalty arrears under section 179 of the Income-tax Act, because the director had served during the relevant period and failed to show that non-recovery was not attributable to gross neglect, misfeasance, or breach of duty. The recovery certificate was therefore validly issued. The absence of formal notice under rule 2 of Part I of the Second Schedule did not vitiate the proceedings, because the defaulter had actual knowledge of the recovery action and had participated by making a detailed representation. The writ petition failed and recovery was sustained. en-us Wed, 14 Feb 1968 00:00:00 +0530 Mon, 16 Feb 2009 18:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7280 A former director of a private company was held personally liable for recovery of the company's tax penalty arrears under section 179 of the Income-tax Act, because the director had served during the relevant period and failed to show that non-recovery was not attributable to gross neglect, misfeasance, or breach of duty. The recovery certificate was therefore validly issued. The absence of formal notice under rule 2 of Part I of the Second Schedule did not vitiate the proceedings, because the defaulter had actual knowledge of the recovery action and had participated by making a detailed representation. The writ petition failed and recovery was sustained. Case-Laws Income Tax Wed, 14 Feb 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7280