No liability of director to pay taxes of Co. if he was appointed after conversion of private co. into public co

IT : Where a company was initially incorporated as a private company in September, 1991 and it was converted into a public limited company on 5-4-1995 and thereafter assessee became its director on 9-3-1996, since assessee joined company as a director only after it was converted into a public
limited company, outstanding dues of company could not be recovered from him under section 179[2014] 44 taxmann.com 231 (Gujarat)