[aaykarbhavan] No liability of director to pay taxes of Co. if he was appointed after conversion of private co. into public co

 

No liability of director to pay taxes of Co. if he was appointed after conversion of private co. into public co

April 29, 2014[2014] 44 taxmann.com 231 (Gujarat)

IT : Where a company was initially incorporated as a private company in September, 1991 and it was converted into a public limited company on 5-4-1995 and thereafter assessee became its director on 9-3-1996, since assessee joined company as a director only after it was converted into a public limited company, outstanding dues of company could not be recovered from him under section 179

Regards

Prarthana Jalan

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