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Income Tax - Highlights / Catch Notes

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Liability of directors u/s 179 - AO is required to make efforts ...

Income Tax

February 27, 2023

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

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