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Income Tax - Highlights / Catch Notes

Home Highlights December 2022 Year 2022 This

Recovery of the outstanding dues of the private limited company ...


Directors Not Liable for Company's Dues u/s 179 Due to Inability to Deposit 20% of Tax Demand.

December 21, 2022

Case Laws     Income Tax     HC

Recovery of the outstanding dues of the private limited company - Liability of directors of private company u/s 179 - only because the petitioners have been unable to deposit 20% of the demand raised in the assessment order to get stay from the appellate authority, the petitioners cannot be said to be negligent and Revenue (ITO) cannot therefore, invoke jurisdiction under section 179.- HC

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