https://www.taxtmi.com/caselaws?id=99859 The High Court held that the Income Tax Department was not entitled to priority for tax or interest in a liquidation case, but allowed the department to file a fresh claim for interest under Section 220(2) of the Income Tax Act, 1961. The court directed the department to submit the claim to the liquidator for adjudication within one month, emphasizing the importance of considering all claims, including interest on tax arrears, in liquidation proceedings. The appeal was partially allowed, with each party bearing their own costs. en-us Wed, 27 Sep 1978 00:00:00 +0530 Mon, 30 Jan 2012 13:30:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99859 The High Court held that the Income Tax Department was not entitled to priority for tax or interest in a liquidation case, but allowed the department to file a fresh claim for interest under Section 220(2) of the Income Tax Act, 1961. The court directed the department to submit the claim to the liquidator for adjudication within one month, emphasizing the importance of considering all claims, including interest on tax arrears, in liquidation proceedings. The appeal was partially allowed, with each party bearing their own costs. Case-Laws Companies Law Wed, 27 Sep 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99859