Director won’t pay taxes of Co. if its building destroyed in earthquake and insurance claim is under

IT: Where company in which assessee was a director could not pay tax dues as its hotel building got damaged in earthquake, in view of fact that insurance claim had been raised but same was not passed by insurance company and civil disputes were still pending, it could not be regarded as a case where director i.e. assessee, failed to take measures for protecting property or interest of company and, therfore, impugned order passed against assessee in terms of section 179 deserved to be quashed