https://www.taxtmi.com/caselaws?id=304715 The Court dismissed the writ petition challenging garnishee notices for income tax demand recovery against retired directors of a dissolved company. The Court upheld the tax authority's right to pursue recovery from the directors, as the dissolved company had no assets for recovery. Emphasizing the government's need to recover valid revenue, the Court declined to interfere with the recovery proceedings, ruling in favor of the tax authority. The petition was dismissed without costs, recognizing the directors as the only viable option for recovery due to the dissolved company's lack of funds. en-us Thu, 21 Apr 2022 00:00:00 +0530 Sat, 15 Oct 2022 21:01:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304715 The Court dismissed the writ petition challenging garnishee notices for income tax demand recovery against retired directors of a dissolved company. The Court upheld the tax authority's right to pursue recovery from the directors, as the dissolved company had no assets for recovery. Emphasizing the government's need to recover valid revenue, the Court declined to interfere with the recovery proceedings, ruling in favor of the tax authority. The petition was dismissed without costs, recognizing the directors as the only viable option for recovery due to the dissolved company's lack of funds. Case-Laws Income Tax Thu, 21 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304715