2023 (8) TMI 100 - SCH - Income Tax

Liability of directors of private company in liquidation - steps taken against the delinquent Company - lack of jurisdiction of the AO to proceed with the show cause notices issued by it u/s 179 - According to the petitioner, as he was not the Director of the Company, he was not liable to receive any notice u/s 179 which provision can be invoked only against a Director of a private Company - as per HC impugned show cause notices and the impugned order issued u/s 179 are unsustainable - HELD THAT - SLP dismissed.

Summary

The Supreme Court dismissed the Special Leave Petition after finding no merit in it. The delay was condoned, and pending applications were disposed of.