https://www.taxtmi.com/caselaws?id=96675 An income-tax assessment claim in winding up is not conclusive against the official liquidator merely because it rests on an assessment order. The debt must still be proved under insolvency principles applied through the Companies Act, and the liquidator may look behind an assessment or judgment where there was no real contest on merits or where its bona fides or correctness is in doubt. Where the assessment was based on estimated income without examination of the accounts, and the audited accounts showed no profit but a substantial loss, the claim was treated as not shown to be binding on the estate and was disallowed. en-us Wed, 01 May 1935 00:00:00 +0530 Tue, 10 Jan 2012 12:35:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96675 An income-tax assessment claim in winding up is not conclusive against the official liquidator merely because it rests on an assessment order. The debt must still be proved under insolvency principles applied through the Companies Act, and the liquidator may look behind an assessment or judgment where there was no real contest on merits or where its bona fides or correctness is in doubt. Where the assessment was based on estimated income without examination of the accounts, and the audited accounts showed no profit but a substantial loss, the claim was treated as not shown to be binding on the estate and was disallowed. Case-Laws Companies Law Wed, 01 May 1935 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96675