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VAT - Highlights / Catch Notes

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Recovery of tax dues of the company from personal assets of the ...

Case Laws     VAT and Sales Tax

May 20, 2024

Recovery of tax dues of the company from personal assets of the Director - Application of the doctrine of lifting the corporate veil - vicarious liability of petitioner to discharge the tax dues of the Company-under-Liquidation - The court concluded that the petitioner could not be held personally liable for the tax dues of the Company-under-Liquidation as there was no evidence to justify lifting the corporate veil.

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