AO Must Recover Dues from Defaulting Company; Directors Not Liable u/s 179 Due to Lack of Negligence.

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....Liability of directors u/s 179 - AO is required to make efforts for recovery of the outstanding dues from the assessee private limited company which has committed default in payment of the outstanding demand. The petitioners have prima facie shown that non recovery cannot be attributed to any gross negligence, misfeasance or breach of duty as Directors of the assessee company. - HC....