https://www.taxtmi.com/caselaws?id=96843 An income-tax assessment that had attained finality without appeal, and had been made under the statutory procedure for non-filing of return and non-production of accounts, was treated as binding in liquidation proceedings. The tax liability was held to stand on a different footing from an ordinary judgment debt, so the insolvency court could not reopen or re-examine it merely because insolvency had intervened. Interference was recognised only where the assessment was vitiated by fraud, and no fraud was alleged. The assessment therefore remained payable and could not be reopened in liquidation. en-us Wed, 11 Dec 1940 00:00:00 +0530 Wed, 11 Jan 2012 15:22:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96843 An income-tax assessment that had attained finality without appeal, and had been made under the statutory procedure for non-filing of return and non-production of accounts, was treated as binding in liquidation proceedings. The tax liability was held to stand on a different footing from an ordinary judgment debt, so the insolvency court could not reopen or re-examine it merely because insolvency had intervened. Interference was recognised only where the assessment was vitiated by fraud, and no fraud was alleged. The assessment therefore remained payable and could not be reopened in liquidation. Case-Laws Companies Law Wed, 11 Dec 1940 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96843