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Income Tax - Highlights / Catch Notes

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Liability of directors of private company - Section 179 - ...


Former Director Challenged by Tax Department u/s 179 for Company's 25-Year-Old Dues After Liquidation.

October 17, 2022

Case Laws     Income Tax     HC

Liability of directors of private company - Section 179 - garnishee notice - it is clear that the department has not taken any steps to recover the dues from the defaulting private limited company. It is nearly after 25 years the present attempt had been made by issuing garnishee notice on the appellant who is no more the director of the company eversince 1990. After the company had gone into liquidation, the department could have lodged a claim before the Official Liquidator. - HC

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