Director of public company can be held liable for recovery of co. dues by lifting ‘Corporate veil’

HIGH COURT OF GUJARAT Pravinbhai M. Kheni Versus Assistant Commissioner of Income-tax, Central Circle-2&2 SPECIAL CIVIL APPLICATION NO. 12254 OF 2002 NOVEMBER 6, 2012 J.P. Shah for the Petitioner. M.B. Purabia, Tanvish U. Bhatt and Sudhir M. Mehta for the Respondent. JUDGMENT Akil Kureshi, J. – The petitioner has prayed for quashing the recovery proceedings undertaken by the respondents against the petitioner for the income tax dues of M/s. M. Kantilal and Co. Ltd., Surat. The petitioner has challenged orders Annexure-G, J and O passed by the respondents in this resp...