https://www.taxtmi.com/caselaws?id=358348 The High Court quashed the orders under Section 179(1) of the Income-Tax Act against the petitioners, emphasizing the necessity for proper show cause notices and adherence to natural justice principles. The Revenue was permitted to issue new notices following the Madhavi Kerkar decision, while bank account attachments of the company were upheld. The judgment clarified that Director liability arises only if tax dues cannot be recovered from the company, providing guidance on the Revenue's actions in such cases. The petitions were disposed of without costs, promoting procedural fairness in tax recovery proceedings. en-us Thu, 05 Apr 2018 00:00:00 +0530 Tue, 10 Apr 2018 08:27:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358348 The High Court quashed the orders under Section 179(1) of the Income-Tax Act against the petitioners, emphasizing the necessity for proper show cause notices and adherence to natural justice principles. The Revenue was permitted to issue new notices following the Madhavi Kerkar decision, while bank account attachments of the company were upheld. The judgment clarified that Director liability arises only if tax dues cannot be recovered from the company, providing guidance on the Revenue's actions in such cases. The petitions were disposed of without costs, promoting procedural fairness in tax recovery proceedings. Case-Laws Income Tax Thu, 05 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358348