https://www.taxtmi.com/highlights?id=63861 Proceedings u/s 179 - Recovery of arrears of tax of the company from the Directors - It is contended that as per the order of ITAT, the very basis of tax liability imposed against the Company has eroded and therefore no tax liability remains - it is explicit that both liabilities made is no longer in force, warranting the issuance of an order under Section 230 of the Act or its continuance for the time being. - HC en-us Fri, 03 Jun 2022 18:57:19 +0530 Sat, 04 Jun 2022 12:21:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=63861 Proceedings u/s 179 - Recovery of arrears of tax of the company from the Directors - It is contended that as per the order of ITAT, the very basis of tax liability imposed against the Company has eroded and therefore no tax liability remains - it is explicit that both liabilities made is no longer in force, warranting the issuance of an order under Section 230 of the Act or its continuance for the time being. - HC Highlights Income Tax Fri, 03 Jun 2022 18:57:19 +0530 https://www.taxtmi.com/highlights?id=63861