https://www.taxtmi.com/caselaws?id=16092 The court quashed the order made under section 179 of the Income-tax Act, 1961, directing recovery from a director of a private company for outstanding tax amounts. The court held that the Revenue authorities should first attempt recovery from the company's assets before holding a director personally liable. Since the company had assets that could cover the tax liabilities, the court ruled in favor of the petitioner, stating that section 179 can only be invoked if recovery from the company is not feasible. en-us Mon, 28 Dec 1998 00:00:00 +0530 Tue, 01 Sep 2009 10:32:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16092 The court quashed the order made under section 179 of the Income-tax Act, 1961, directing recovery from a director of a private company for outstanding tax amounts. The court held that the Revenue authorities should first attempt recovery from the company's assets before holding a director personally liable. Since the company had assets that could cover the tax liabilities, the court ruled in favor of the petitioner, stating that section 179 can only be invoked if recovery from the company is not feasible. Case-Laws Income Tax Mon, 28 Dec 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16092