Bombay High Court Quashes Section 179 Order Against Director for Tax Dues of Company — No Finding of Willful Default or Non-Recovery Despite Reasonable Steps. The order under Section 179 of the Income Tax Act, 1961, was set aside as it failed to record a finding that the non-recovery of tax dues from the company was due to gross neglect, misfeasance, or breach of duty on the part of the director.
26 Jul 2022The petitioner, Rajendra R. Singh, Chairman and Managing Director of Crest Paper Mills Limited (CPML), challenged an order dated 13 February 2018 pass...





