Re: Applicability of Sec.6 of DTVsV vis-a-vis Sec.179 of I.T.Act

In a case where the proceedings under section 179 of the Income Tax Act have been instituted against the Directors in respect of tax liability of the Private Limited Company and the Company opts for the DTVsV Scheme, whether the immunity extended by the provisions of Section 6 of DTVsV apply to the parallel proceedings undertaken u/s.179??

Since proceedings are initiated against the Directors in respect of the tax arrears payable by the Private Limited Company. If the Company opts under the VSVA, the immunity in our opinion should extend to the directors as well. The issue is taken up before Board and Board may clarify the issue in ther next  Circular on provisions of Direct tax Vivad Se Viswas Act , 2020 

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