https://www.taxtmi.com/caselaws?id=434558 The court set aside the order fastening liability on the petitioners as Directors of a company for outstanding tax dues, ruling that the conditions for invoking section 179 of the Income Tax Act were not met. The court emphasized the necessity of proving negligence or breach of duty before holding Directors accountable for a company's dues. Consequently, the court allowed the petition, quashed the order, and made the rule absolute without costs. en-us Fri, 16 Dec 2022 00:00:00 +0530 Sat, 25 Feb 2023 10:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434558 The court set aside the order fastening liability on the petitioners as Directors of a company for outstanding tax dues, ruling that the conditions for invoking section 179 of the Income Tax Act were not met. The court emphasized the necessity of proving negligence or breach of duty before holding Directors accountable for a company's dues. Consequently, the court allowed the petition, quashed the order, and made the rule absolute without costs. Case-Laws Income Tax Fri, 16 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434558