https://www.taxtmi.com/caselaws?id=101003 The Supreme Court held that interest accrued under section 220(2) of the Income Tax Act is legal and enforceable against the official liquidator without prior sanction of the company court as required by section 446(1) of the Companies Act, 1956. The court ruled that income tax assessment proceedings do not fall under the purview of section 446(1) and prior court sanction is not mandatory for assessing interest under section 220(2). Recovery actions against a company in liquidation require leave from the winding-up court, and interest recovery without court approval was invalidated, directing refund to the official liquidator. en-us Thu, 25 Apr 1985 00:00:00 +0530 Wed, 08 Feb 2012 12:34:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101003 The Supreme Court held that interest accrued under section 220(2) of the Income Tax Act is legal and enforceable against the official liquidator without prior sanction of the company court as required by section 446(1) of the Companies Act, 1956. The court ruled that income tax assessment proceedings do not fall under the purview of section 446(1) and prior court sanction is not mandatory for assessing interest under section 220(2). Recovery actions against a company in liquidation require leave from the winding-up court, and interest recovery without court approval was invalidated, directing refund to the official liquidator. Case-Laws Companies Law Thu, 25 Apr 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101003