https://www.taxtmi.com/caselaws?id=357321 The court sets aside the challenged orders under Section 179(1) of the Income Tax Act and Section 264 of the Act, citing a previous case as precedent. The court allows the writ petition, discontinuing the recovery of dues from the directors before the defaulting company. The attachment of bank accounts by the company remains valid, and the Assessing Officer is granted liberty to issue a fresh order with proper notice to the petitioner. The matter concludes in favor of the petitioner with no costs awarded. en-us Thu, 15 Mar 2018 00:00:00 +0530 Tue, 20 Mar 2018 10:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357321 The court sets aside the challenged orders under Section 179(1) of the Income Tax Act and Section 264 of the Act, citing a previous case as precedent. The court allows the writ petition, discontinuing the recovery of dues from the directors before the defaulting company. The attachment of bank accounts by the company remains valid, and the Assessing Officer is granted liberty to issue a fresh order with proper notice to the petitioner. The matter concludes in favor of the petitioner with no costs awarded. Case-Laws Income Tax Thu, 15 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357321