https://www.taxtmi.com/caselaws?id=11110 The High Court addressed challenges against notices issued by the Income-tax Recovery Officer and an order made by the Assessing Officer under section 179 of the Income-tax Act, 1961. The court emphasized the importance of the Assessing Officer considering the case presented by the director of a private limited company under liquidation before making an adverse order. Directors are jointly and personally liable for tax payment, but if they can show non-recovery is not due to negligence, misfeasance, or breach of duty, outcomes may differ. The court instructed the Assessing Officer to review the director's reply and make a decision promptly. The court quashed the Assessing Officer's previous order and expedited proceedings for resolution. en-us Tue, 27 Jan 2004 00:00:00 +0530 Fri, 31 Jul 2009 10:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11110 The High Court addressed challenges against notices issued by the Income-tax Recovery Officer and an order made by the Assessing Officer under section 179 of the Income-tax Act, 1961. The court emphasized the importance of the Assessing Officer considering the case presented by the director of a private limited company under liquidation before making an adverse order. Directors are jointly and personally liable for tax payment, but if they can show non-recovery is not due to negligence, misfeasance, or breach of duty, outcomes may differ. The court instructed the Assessing Officer to review the director's reply and make a decision promptly. The court quashed the Assessing Officer's previous order and expedited proceedings for resolution. Case-Laws Income Tax Tue, 27 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11110