https://www.taxtmi.com/caselaws?id=27919 The court ruled in favor of the petitioner, a director of a private limited company, in a case concerning personal liability for the company's tax arrears under section 179 of the Income Tax Act, 1961. The court found the order under section 179 and subsequent attachments made by the Tax Recovery Officer invalid as they did not adequately consider crucial aspects such as retroactive tax liability and the director's potential neglect, misfeasance, or breach of duty. The petition was granted in favor of the petitioner with costs, emphasizing the necessity of addressing all relevant factors before holding a director personally liable for a company's tax arrears. en-us Wed, 01 Feb 1984 00:00:00 +0530 Tue, 16 Feb 2010 17:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27919 The court ruled in favor of the petitioner, a director of a private limited company, in a case concerning personal liability for the company's tax arrears under section 179 of the Income Tax Act, 1961. The court found the order under section 179 and subsequent attachments made by the Tax Recovery Officer invalid as they did not adequately consider crucial aspects such as retroactive tax liability and the director's potential neglect, misfeasance, or breach of duty. The petition was granted in favor of the petitioner with costs, emphasizing the necessity of addressing all relevant factors before holding a director personally liable for a company's tax arrears. Case-Laws Income Tax Wed, 01 Feb 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27919