Court on Lifting Corporate Veil: Revenue Must Notify Directors u/s 14 to Impose Liability for Company Debts.

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....Lifting of Corporate Veil - Recovery of demand from the Directors of the company - it would be incumbent upon the revenue to issue a notice u/s 14 to him, stating therein the ground on which such a liability was sought to be fastened on him - Such an obligation cannot be assumed merely on account of the petitioner being or having been a director of the company - HC....