Setting an example of company being a separate legal entity different from the Directors of the company, one of the Income Tax Authority in Allahabad held that where a private company which had unpaid outstanding tax dues for the previous years, such dues could not be recovered from director of said company if he/she proves that non recovery of tax due against company could not be attributed to any gross negligence, misfeasance or breach of duty on her part in relation to affairs of company
Posted on: Fri, 14 Mar 2014 07:19:14 +0000
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