https://www.taxtmi.com/caselaws?id=16971 The court ruled in favor of the petitioners, directors of a company, in a case concerning their liability under section 179 of the Income-tax Act. The court emphasized that directors' liability is joint and several only when tax cannot be recovered from the company's assets. It quashed the proceedings initiated by the Assistant Commissioner of Income-tax, stating that without a finding that the tax amount cannot be recovered from the company, the Assessing Officer lacks jurisdiction to invoke section 179. The judgment underscored the importance of due process and proper jurisdictional requirements before holding directors personally liable for the company's tax liabilities. en-us Wed, 01 Apr 1998 00:00:00 +0530 Mon, 14 Sep 2009 13:10:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16971 The court ruled in favor of the petitioners, directors of a company, in a case concerning their liability under section 179 of the Income-tax Act. The court emphasized that directors' liability is joint and several only when tax cannot be recovered from the company's assets. It quashed the proceedings initiated by the Assistant Commissioner of Income-tax, stating that without a finding that the tax amount cannot be recovered from the company, the Assessing Officer lacks jurisdiction to invoke section 179. The judgment underscored the importance of due process and proper jurisdictional requirements before holding directors personally liable for the company's tax liabilities. Case-Laws Income Tax Wed, 01 Apr 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16971