2007 (1) TMI 603

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..... Additional Chief Standing Counsel for the respondents. 2. The petitioner is aggrieved by the Circular dated 15.09.1998 issued by the Commissioner, Trade Tax, U.P. Lucknow. There is no dispute that the petitioner is one of the Directors of M/s Bhagirathi lron Steel Private Limited, which is a Company registered under the provisions of the Companies Act, 1956. The only question involved in the .....

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..... to the respondents not to recover the arrears of tax and outstanding dues of the Company from the personal assets of the petitioner. However, it will be open for the respondents to recover the arrears of trade tax due against the Company from the assets/property of M/s Bhagirathi lron Steel Private Limited as well from Directors, who are in possession of the assets of the Company. - - TaxTMI .....

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