https://www.taxtmi.com/caselaws?id=96630 Income tax arising from a liquidator's post-liquidation trading while realising company assets was treated as a consequence of the winding-up and held to fall within "expenses of the winding-up", payable out of the company's assets in priority to other claims. The fact that the tax was also recoverable as a Crown debt did not prevent that result. As to the liquidator's remuneration, the court declined to disturb sums already retained before the later assessment date, recognising the exceptional history of the liquidation and services rendered in preserving and realising assets. Remuneration for the later period was left for inquiry to determine what was properly allowable. en-us Wed, 06 Dec 1933 00:00:00 +0530 Mon, 09 Jan 2012 18:30:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96630 Income tax arising from a liquidator's post-liquidation trading while realising company assets was treated as a consequence of the winding-up and held to fall within "expenses of the winding-up", payable out of the company's assets in priority to other claims. The fact that the tax was also recoverable as a Crown debt did not prevent that result. As to the liquidator's remuneration, the court declined to disturb sums already retained before the later assessment date, recognising the exceptional history of the liquidation and services rendered in preserving and realising assets. Remuneration for the later period was left for inquiry to determine what was properly allowable. Case-Laws Companies Law Wed, 06 Dec 1933 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96630