https://www.taxtmi.com/caselaws?id=32170 The High Court quashed the orders made by the respondent-authority under Section 179 of the Income Tax Act, 1961, which sought recovery from Directors of a private Company. The Court held that before initiating recovery from Directors, the Revenue must establish the inability to recover from the Company, as per the precedent set in the Indubhai T. Vasa case. Since the respondent-authority had not proven the Company's recovery impossibility, the impugned orders were set aside. The Revenue was permitted to take necessary steps for recovery from the Company, and the petitions were granted in favor of the Directors without costs. en-us Tue, 21 Oct 2008 00:00:00 +0530 Thu, 22 Jan 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32170 The High Court quashed the orders made by the respondent-authority under Section 179 of the Income Tax Act, 1961, which sought recovery from Directors of a private Company. The Court held that before initiating recovery from Directors, the Revenue must establish the inability to recover from the Company, as per the precedent set in the Indubhai T. Vasa case. Since the respondent-authority had not proven the Company's recovery impossibility, the impugned orders were set aside. The Revenue was permitted to take necessary steps for recovery from the Company, and the petitions were granted in favor of the Directors without costs. Case-Laws Income Tax Tue, 21 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32170