As per S. 179(1) a director cannot be held liable for ...
Directors Not Liable for Interest or Penalties u/s 179(1); Not Considered Assessees u/s 2(7).
June 6, 2013
Case Laws Income Tax HC
As per S. 179(1) a director cannot be held liable for interest/penalty and thereupon be treated as an assessee u/s 2(7) as a person by whom any tax or any other sum of money is payable - HC
View Source