https://www.taxtmi.com/caselaws?id=9500 The court quashed the order under section 179 of the Income-tax Act, ruling in favor of the petitioner, a Hindu undivided family. The court emphasized the necessity of proving the inability to recover from the company before holding directors jointly and severally liable. The respondent failed to establish this prerequisite, leading to the court setting aside the order and prohibiting further proceedings based on it. The interpretation of the phrase "jointly and severally" in the context of directors' liability was left open. The petitioner's challenge was successful, and no costs were imposed. en-us Tue, 22 Mar 2005 00:00:00 +0530 Tue, 23 Jun 2009 12:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9500 The court quashed the order under section 179 of the Income-tax Act, ruling in favor of the petitioner, a Hindu undivided family. The court emphasized the necessity of proving the inability to recover from the company before holding directors jointly and severally liable. The respondent failed to establish this prerequisite, leading to the court setting aside the order and prohibiting further proceedings based on it. The interpretation of the phrase "jointly and severally" in the context of directors' liability was left open. The petitioner's challenge was successful, and no costs were imposed. Case-Laws Income Tax Tue, 22 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9500