Vicarious liability of director of a private company for ‘tax due’ u/s. 179(1) from it does not extend to interest & penalty

HIGH COURT OF GUJARAT Maganbhai Hansrajbhai Patel versus Assistant Commissioner of Income-tax SPECIAL CIVIL APPLICATION No. 3910 & 4227 of 2012 September 25 & 26, 2012 JUDGMENT Akil Kureshi, J.  The petitioner has challenged an order dated 27.2.2012 as at Exh.S to the petition passed by the Assistant Commissioner of Income Tax, Anand under section 179 of the Income Tax Act, 1961 (“the Act” for short). 2. Facts may be noted at the outset : 2.1 The petitioner was one of the two directors of one Agni Briquette Pvt. Ltd. (here-in-after to be referred to as ...