Insolvency claims procedure: prompt filing, record retention, and creditor liaison required to preserve tax arrears recovery prospects. Directives require filing a prompt claim before the Official Assignee with full particulars of outstanding tax demands and noting the claim against each item in the Demand & Collection Register. On annual carry forward, record complete assessee particulars; retain the assessee's name on the GIR while arrears or recovery proceedings continue or record reasons if removed. Index and securely store insolvent records and maintain periodic liaison with Official Assignees. Before any write off, enquire into the defaulter's financial position, undisclosed assets, and status with other creditors, and follow the procedures set out in the applicable insolvency statutes.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Insolvency claims procedure: prompt filing, record retention, and creditor liaison required to preserve tax arrears recovery prospects.
Directives require filing a prompt claim before the Official Assignee with full particulars of outstanding tax demands and noting the claim against each item in the Demand & Collection Register. On annual carry forward, record complete assessee particulars; retain the assessee's name on the GIR while arrears or recovery proceedings continue or record reasons if removed. Index and securely store insolvent records and maintain periodic liaison with Official Assignees. Before any write off, enquire into the defaulter's financial position, undisclosed assets, and status with other creditors, and follow the procedures set out in the applicable insolvency statutes.
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