https://www.taxtmi.com/caselaws?id=98731 The court held that income-tax authorities are competent to initiate or continue assessment proceedings against a company in liquidation without obtaining court leave. The court interpreted Section 446(1) of the Companies Act, stating that assessment proceedings do not constitute legal proceedings requiring court leave. It emphasized that the jurisdiction for assessment matters lies exclusively with the Income-tax Officer and does not need court intervention. The court dismissed the application, ruling that assessment proceedings are administrative and do not directly impact the company's assets, thus not necessitating court leave. en-us Fri, 25 Apr 1969 00:00:00 +0530 Sat, 21 Jan 2012 17:55:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98731 The court held that income-tax authorities are competent to initiate or continue assessment proceedings against a company in liquidation without obtaining court leave. The court interpreted Section 446(1) of the Companies Act, stating that assessment proceedings do not constitute legal proceedings requiring court leave. It emphasized that the jurisdiction for assessment matters lies exclusively with the Income-tax Officer and does not need court intervention. The court dismissed the application, ruling that assessment proceedings are administrative and do not directly impact the company's assets, thus not necessitating court leave. Case-Laws Companies Law Fri, 25 Apr 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98731