[aaykarbhavan] Selection of wrong code in I-T return won't turn a Public Co. into Private Co. to recover unpaid taxes from director

Selection of wrong code in I-T return won't turn a Public Co. into Private Co. to recover unpaid taxes from director

April 30, 2014[2014] 44 taxmann.com 211 (Gujarat)

IT: Where assessee-company was registered as a public limited company and also it came out with public issue, then merely because wrong code number applicable to private company was selected in return, section 179 could not be applied making its director liable for arrear of tax

 

Regards

Prarthana Jalan

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