Liability of directors of private company

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..... ous year or from any other company in respect of any income of any previous year during which such other company was a private company] cannot be recovered, then, every person who was a director of the private company at any time during the relevant previous year shall be jointly and severally liable for the payment of such tax unless he proves that the non-recovery cannot be attributed to any gro .....

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..... ubstituted for M.-Private company in liquidation by the Taxation Laws (Amendment) Act, 1975, w.e.f. 1-10-1975. 2. Inserted by the Taxation Laws (Amendment) Act, 1975, w.e.f. 1-10-1975. 3. Substituted for when any private company is wound up after the commencement of this Act, and any tax assessed on the company, whether before or in the course of or after its liquidation, in respe .....

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