Recovery of the outstanding dues of the private limited company - Liability of directors of private...

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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