https://www.taxtmi.com/caselaws?id=99589 The court granted leave to the Income Tax Officer to issue a notice for advance tax for the specified year for a company in liquidation under section 210 of the Income Tax Act, 1961. However, the court reserved the right to pass further orders after quantifying the tax liability to protect the interests of the company and its creditors. The judgment emphasized the importance of balancing statutory provisions with the interests of the company and creditors in the winding-up process, affirming the court's authority to oversee fair treatment of tax liabilities. en-us Tue, 20 Dec 1977 00:00:00 +0530 Fri, 27 Jan 2012 18:52:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99589 The court granted leave to the Income Tax Officer to issue a notice for advance tax for the specified year for a company in liquidation under section 210 of the Income Tax Act, 1961. However, the court reserved the right to pass further orders after quantifying the tax liability to protect the interests of the company and its creditors. The judgment emphasized the importance of balancing statutory provisions with the interests of the company and creditors in the winding-up process, affirming the court's authority to oversee fair treatment of tax liabilities. Case-Laws Companies Law Tue, 20 Dec 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99589