https://www.taxtmi.com/caselaws?id=101232 The court dismissed the appeal, affirming that the Income-tax Act's provisions do not apply to a company in liquidation governed by the Companies Act. The Department, treated as an unsecured creditor, must prove its debt within the liquidation proceedings and cannot claim priority or interest outside this framework. en-us Wed, 29 Jan 1986 00:00:00 +0530 Thu, 09 Feb 2012 10:41:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101232 The court dismissed the appeal, affirming that the Income-tax Act's provisions do not apply to a company in liquidation governed by the Companies Act. The Department, treated as an unsecured creditor, must prove its debt within the liquidation proceedings and cannot claim priority or interest outside this framework. Case-Laws Companies Law Wed, 29 Jan 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101232