https://www.taxtmi.com/caselaws?id=17413 Section 179 of the Income-tax Act creates joint and several liability for directors of a private company for the company's tax dues, even where the company is not in liquidation, subject to the director proving absence of gross neglect, misfeasance or breach of duty. The impugned communications were held to be recovery notices calling for payment of outstanding dues, not assessment orders. On the facts, recovery need not first be exhausted against the company because its assets had already been disposed of and possession transferred to a purchaser. The challenge to recovery against the director therefore failed. en-us Thu, 22 May 1997 00:00:00 +0530 Tue, 22 Sep 2009 12:34:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17413 Section 179 of the Income-tax Act creates joint and several liability for directors of a private company for the company's tax dues, even where the company is not in liquidation, subject to the director proving absence of gross neglect, misfeasance or breach of duty. The impugned communications were held to be recovery notices calling for payment of outstanding dues, not assessment orders. On the facts, recovery need not first be exhausted against the company because its assets had already been disposed of and possession transferred to a purchaser. The challenge to recovery against the director therefore failed. Case-Laws Income Tax Thu, 22 May 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17413