https://www.taxtmi.com/caselaws?id=16879 The court affirmed that Section 179 of the Income-tax Act, 1961, applies to directors of a company in liquidation, holding them jointly and severally liable for the company's tax arrears. It was ruled that no fresh demand notice under Section 156 is necessary for directors once liability is established under Section 179. Directors can be deemed "assessees in default" under Section 220(4) without requiring a new demand notice. The court did not address the issue of property attachment exceeding tax liability, stating it falls within the jurisdiction of the Tax Recovery Officer. en-us Tue, 29 Jul 1997 00:00:00 +0530 Sat, 12 Sep 2009 17:11:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16879 The court affirmed that Section 179 of the Income-tax Act, 1961, applies to directors of a company in liquidation, holding them jointly and severally liable for the company's tax arrears. It was ruled that no fresh demand notice under Section 156 is necessary for directors once liability is established under Section 179. Directors can be deemed "assessees in default" under Section 220(4) without requiring a new demand notice. The court did not address the issue of property attachment exceeding tax liability, stating it falls within the jurisdiction of the Tax Recovery Officer. Case-Laws Income Tax Tue, 29 Jul 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16879