https://www.taxtmi.com/caselaws?id=762351 Section 83(3) of the Punjab Value Added Tax Act, 2005 fastens joint and several liability on a director only when a private company is wound up and the tax, interest or penalty cannot be recovered from the company. On the stated facts, the company remained functional, its appeal was pending, and the petitioner was no longer a director, so recovery could not be pursued against the former director's personal bank accounts. The attachment was treated as an arbitrary exercise of power without statutory authority, and the saving bank accounts and notice dated 12.02.2021 were quashed, with penal costs indicated for wrongful attachment. en-us Thu, 14 Nov 2024 00:00:00 +0530 Sat, 30 Nov 2024 08:41:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762351 Section 83(3) of the Punjab Value Added Tax Act, 2005 fastens joint and several liability on a director only when a private company is wound up and the tax, interest or penalty cannot be recovered from the company. On the stated facts, the company remained functional, its appeal was pending, and the petitioner was no longer a director, so recovery could not be pursued against the former director's personal bank accounts. The attachment was treated as an arbitrary exercise of power without statutory authority, and the saving bank accounts and notice dated 12.02.2021 were quashed, with penal costs indicated for wrongful attachment. Case-Laws VAT / Sales Tax Thu, 14 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762351