https://www.taxtmi.com/caselaws?id=98867 The court dismissed the applications, ruling that Section 446(1) of the Companies Act, 1956, does not apply to assessment, reassessment, or penalty proceedings under the Income-tax Act. These proceedings are outside the jurisdiction of the company court under Section 446(2) and do not need the leave of the winding-up court. No costs were awarded. en-us Wed, 30 Jun 1971 00:00:00 +0530 Tue, 24 Jan 2012 13:07:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98867 The court dismissed the applications, ruling that Section 446(1) of the Companies Act, 1956, does not apply to assessment, reassessment, or penalty proceedings under the Income-tax Act. These proceedings are outside the jurisdiction of the company court under Section 446(2) and do not need the leave of the winding-up court. No costs were awarded. Case-Laws Companies Law Wed, 30 Jun 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98867