Failure to deposit amount for getting stay doesn’t result into invocation of section 179 of the Income Tax Act

Devendra Babulal Jain Vs ITO (Gujarat High Court)

Gujarat High Court held that provisions of section 179 of the Income Tax Act cannot be invoked simply because the directors of the private limited company have failed to deposit 20% of the demand raised in the assessment order to get stay from the appellate authority.

Facts- The petitioners have challenged the order dated 26.10.2017 passed by respondent no.1 under section 179 of the Income Tax Act, 1961 fastening the liabil

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