In a recent case, the Hon’ble Bombay High Court quashed the order passed by the Income-tax Authority under Section 179(1) of the Income-tax Act, 1961 (ITA) (the Act) against the Ex-director (petitioner or ex-Director) of the assessee company. The impugned order by the Income-tax department sought to recover the tax payable by the assessee company from the petitioner as per Section 179(1) of the Act.
