[aaykarbhavan] Tax dues couldn't be recovered from director if AO didn't make any efforts to recover it from company

 

Tax dues couldn't be recovered from director if AO didn't make any efforts to recover it from company

April 17, 2014[2014] 43 taxmann.com 420 (Gujarat)

IT : Provisions of section 179 can be invoked when any tax due from private company cannot be recovered from such company and, therefore, where Assessing Officer did not make any efforts for recovery of tax dues from company, question of inquiring with petitioner as a director of company to pay up said amount would not arise

IT : Applicability of section 179 cannot be ruled out merely on ground that director was a technical director of company having no involvement in day to day affairs of company

IT : Assessing Officer could not ask petitioner to pay amount of tax due from company in his capacity of director under section 179 without considering petitioner's objection that said company having crossed maximum threshold turnover limit, had become a deemed public company

Regards

Prarthana Jalan

__._,_.___

receive alert on mobile, subscribe to SMS Channel named "aaykarbhavan"
[COST FREE]
SEND "on aaykarbhavan" TO 9870807070 FROM YOUR MOBILE.

To receive the mails from this group send message to aaykarbhavan-subscribe@yahoogroups.com

Visit Your Group

• New Members 4

• Privacy • Unsubscribe • Terms of Use