https://www.taxtmi.com/highlights?id=45395 Recovery of tax u/s 179(1) from directors against the dues of company - explanation to Section 179 was added w.e.f. 01.06.2013 - the word “Tax” used in Section 179 was to be used also for penalty and interest - If the word “ Tax” is not read in that way, there will be loss of interest and penalty to the State Exchequer. en-us Tue, 26 Mar 2019 06:40:21 +0530 Mon, 25 Mar 2019 16:14:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=45395 Recovery of tax u/s 179(1) from directors against the dues of company - explanation to Section 179 was added w.e.f. 01.06.2013 - the word “Tax” used in Section 179 was to be used also for penalty and interest - If the word “ Tax” is not read in that way, there will be loss of interest and penalty to the State Exchequer. Highlights Income Tax Tue, 26 Mar 2019 06:40:21 +0530 https://www.taxtmi.com/highlights?id=45395