https://www.taxtmi.com/caselaws?id=752832 A director's personal assets cannot be used to recover a company's tax dues merely because the company is in liquidation. Personal recovery requires either an express statutory provision imposing such liability or facts showing that the corporate personality is a sham, cloak, or device warranting piercing the corporate veil. On the record, there was no material of fraud, misfeasance, or any exceptional circumstance justifying disregard of separate legal personality. The recovery action against the director was therefore impermissible and the issue was decided in favour of the petitioner. en-us Tue, 23 Apr 2024 00:00:00 +0530 Sat, 18 May 2024 13:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752832 A director's personal assets cannot be used to recover a company's tax dues merely because the company is in liquidation. Personal recovery requires either an express statutory provision imposing such liability or facts showing that the corporate personality is a sham, cloak, or device warranting piercing the corporate veil. On the record, there was no material of fraud, misfeasance, or any exceptional circumstance justifying disregard of separate legal personality. The recovery action against the director was therefore impermissible and the issue was decided in favour of the petitioner. Case-Laws VAT and Sales Tax Tue, 23 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752832