https://www.taxtmi.com/caselaws?id=428380 The Court upheld the orders under Section 179 of the Income Tax Act against the Directors of a Private Limited Company. The judgment emphasized the necessity of unsuccessful recovery attempts from the company before holding Directors liable. The Court found that the Income Tax Department had diligently pursued recovery efforts, and the Directors failed to prove their lack of neglect or breach of duty. Consequently, the impugned orders were confirmed, and no costs were awarded to the Directors. en-us Mon, 12 Sep 2022 00:00:00 +0530 Wed, 28 Sep 2022 17:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428380 The Court upheld the orders under Section 179 of the Income Tax Act against the Directors of a Private Limited Company. The judgment emphasized the necessity of unsuccessful recovery attempts from the company before holding Directors liable. The Court found that the Income Tax Department had diligently pursued recovery efforts, and the Directors failed to prove their lack of neglect or breach of duty. Consequently, the impugned orders were confirmed, and no costs were awarded to the Directors. Case-Laws Income Tax Mon, 12 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428380