<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Court Cautions Against Casual Tax Recovery from Directors u/s 179; Requires Proof of Company Insolvency First.</title>
    <link>https://www.taxtmi.com/highlights?id=64880</link>
    <description>Recovery from the directors u/s 179 - Attachment of property - Arrears of taxes other liabilities of private company - here was no satisfaction recorded that the tax cannot be recovered. It needs to be understood that recovery procedure u/s 179 against the directors is not to be resorted to casually and only because it is convenient to do so for affecting recovery of the tax dues. - HC</description>
    <language>en-us</language>
    <pubDate>Sat, 30 Jul 2022 19:52:42 +0530</pubDate>
    <lastBuildDate>Sat, 30 Jul 2022 19:52:42 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=686594" rel="self" type="application/rss+xml"/>
    <item>
      <title>Court Cautions Against Casual Tax Recovery from Directors u/s 179; Requires Proof of Company Insolvency First.</title>
      <link>https://www.taxtmi.com/highlights?id=64880</link>
      <description>Recovery from the directors u/s 179 - Attachment of property - Arrears of taxes other liabilities of private company - here was no satisfaction recorded that the tax cannot be recovered. It needs to be understood that recovery procedure u/s 179 against the directors is not to be resorted to casually and only because it is convenient to do so for affecting recovery of the tax dues. - HC</description>
      <category>Highlights</category>
      <law>Income Tax</law>
      <pubDate>Sat, 30 Jul 2022 19:52:42 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/highlights?id=64880</guid>
    </item>
  </channel>
</rss>