https://www.taxtmi.com/caselaws?id=97209 Sales tax payable by a dealer under the Bengal Finance (Sales Tax) Act, 1941 was treated as an interim self-assessed payment when the return was filed, while any further balance arose only on assessment under section 11 and became recoverable on service of a notice of demand. For the priority rule in section 230(1)(a) of the Indian Companies Act, a tax must be both due on the winding-up date and become due and payable within the preceding twelve months. On that construction, the assessed balance was not due merely when the return fell due; it became a concrete recoverable debt only when the notice of demand was served, which brought it within preferential debt treatment. en-us Tue, 23 Dec 1952 00:00:00 +0530 Sat, 14 Jan 2012 13:22:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97209 Sales tax payable by a dealer under the Bengal Finance (Sales Tax) Act, 1941 was treated as an interim self-assessed payment when the return was filed, while any further balance arose only on assessment under section 11 and became recoverable on service of a notice of demand. For the priority rule in section 230(1)(a) of the Indian Companies Act, a tax must be both due on the winding-up date and become due and payable within the preceding twelve months. On that construction, the assessed balance was not due merely when the return fell due; it became a concrete recoverable debt only when the notice of demand was served, which brought it within preferential debt treatment. Case-Laws Companies Law Tue, 23 Dec 1952 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97209