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Income Tax - Highlights / Catch Notes

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Recovery from the directors u/s 179 - Attachment of property - ...

Case Laws     Income Tax

July 30, 2022

Recovery from the directors u/s 179 - Attachment of property - Arrears of taxes other liabilities of private company - here was no satisfaction recorded that the tax cannot be recovered. It needs to be understood that recovery procedure u/s 179 against the directors is not to be resorted to casually and only because it is convenient to do so for affecting recovery of the tax dues. - HC

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