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2014 (3) TMI 391 - HC - Income TaxLifting up of corporate veil - Recovery of amount u/s 179 of the Act from the director – Held that:- The show cause notice is bereft of any details - It merely calls upon the petitioner to show cause why tax recovery, which could not be made from the company be not made from him under Section 179 (1) of the Act - in absence of any previous material indicating that the show cause notice and any bipartite hearing on such issues by the Income Tax Officer, such question need not be gone into. Even from the order under section 179, we do not find that the Assessing Officer had based his case of lifting the corporate veil, as was referred to by this Court in case of Pravinbhai M. Kheni [2012 (12) TMI 494 - GUJARAT HIGH COURT] The order u/s 179 of the Act set aside – Decided in favour of Assessee.
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