Bank Account Seizure Quashed as Director Not Liable for Company’s Tax Dues Due to Separate PAN: Delhi HC

Nitin Tanwar Vs ITO (Delhi High Court) Summary: The Court allowed the writ petition and quashed the seizure of a director’s personal bank account, which had been attached to recover tax dues of a company. The petitioner argued that he was a separate assessee with an independent PAN and regularly filed returns, and therefore his personal account could not be used for recovery of the company’s liability. The Department contended that the account was seized because the company had mentioned this account in its income tax return and had received refunds in it. However, the Court found that th...