Section 179 Proceedings Challenged: Tribunal's Order Nullifies Company's Tax Liability, No Need for Section 230 Action.

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....Proceedings u/s 179 - Recovery of arrears of tax of the company from the Directors - It is contended that as per the order of ITAT, the very basis of tax liability imposed against the Company has eroded and therefore no tax liability remains - it is explicit that both liabilities made is no longer in force, warranting the issuance of an order under Section 230 of the Act or its continuance for the time being. - HC....