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of <h1>Personal Liability for Tax Payment Not Imposed on Liquidator Due to Lack of Timely Tax Intimation - Section 178(4) IT Act.</h1> The circular addresses whether personal liability for tax payment can be imposed on an Official Liquidator under section 178(4) of the Income Tax Act, 1961. In a specific case, the liquidator did not pay tax arrears due to prior distribution of company assets before tax demands were raised. The Board, after consulting the Ministry of Law, concluded that since the liquidator notified his appointment but did not receive a tax intimation from the Income Tax Officer (ITO), personal liability could not be fixed on him. It advises ITOs to proactively communicate potential tax liabilities to liquidators to protect revenue interests.
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