https://www.taxtmi.com/caselaws?id=296627 The court allowed the appeals, quashed the orders passed under Section 179 of the Income Tax Act, and directed that further proceedings for recovery of tax from directors should not be pursued under Section 179. The court emphasized the use of other legal processes for recovery and instructed the respondent to reexamine the companies' status based on the Companies Act definitions. If the companies were public limited, no further action was to be taken; if private limited, proper notice should be issued to the petitioners. The court disposed of the writ petitions without costs and closed connected Miscellaneous Petitions. en-us Thu, 04 Mar 2021 00:00:00 +0530 Fri, 30 Jul 2021 09:07:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296627 The court allowed the appeals, quashed the orders passed under Section 179 of the Income Tax Act, and directed that further proceedings for recovery of tax from directors should not be pursued under Section 179. The court emphasized the use of other legal processes for recovery and instructed the respondent to reexamine the companies' status based on the Companies Act definitions. If the companies were public limited, no further action was to be taken; if private limited, proper notice should be issued to the petitioners. The court disposed of the writ petitions without costs and closed connected Miscellaneous Petitions. Case-Laws Income Tax Thu, 04 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296627