https://www.taxtmi.com/caselaws?id=429054 The High Court of Calcutta allowed the appeal, granting condonation of delay for an 85-day filing delay. It found garnishee notices issued under Section 179 of the Income Tax Act to be invalid as no prior recovery attempts were made from the defaulting company. The Court emphasized the need for the department to pursue recovery from the company before targeting directors. The Court referenced legal precedents to support its decision and denied the appellant's refund request for recovered funds. Ultimately, the Court quashed the garnishee notices and invalidated proceedings under Section 179. en-us Wed, 28 Sep 2022 00:00:00 +0530 Mon, 17 Oct 2022 10:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429054 The High Court of Calcutta allowed the appeal, granting condonation of delay for an 85-day filing delay. It found garnishee notices issued under Section 179 of the Income Tax Act to be invalid as no prior recovery attempts were made from the defaulting company. The Court emphasized the need for the department to pursue recovery from the company before targeting directors. The Court referenced legal precedents to support its decision and denied the appellant's refund request for recovered funds. Ultimately, the Court quashed the garnishee notices and invalidated proceedings under Section 179. Case-Laws Income Tax Wed, 28 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429054