https://www.taxtmi.com/caselaws?id=101933 A legally recoverable set-off for excess sales tax paid because Form C was not supplied may be adjusted against a claim for an ascertained sum in liquidation proceedings. Where pleadings do not effectively deny the excess tax payment, the adjustment operates as a cross-claim and can fully discharge the principal liability. Once the principal claim is extinguished, pre-filing and future interest claims do not survive. The petition remained maintainable without prior court sanction in the liquidation proceedings, but was dismissed because the valid tax adjustment defeated the monetary claim. en-us Mon, 18 Dec 1989 00:00:00 +0530 Mon, 13 Feb 2012 12:03:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101933 A legally recoverable set-off for excess sales tax paid because Form C was not supplied may be adjusted against a claim for an ascertained sum in liquidation proceedings. Where pleadings do not effectively deny the excess tax payment, the adjustment operates as a cross-claim and can fully discharge the principal liability. Once the principal claim is extinguished, pre-filing and future interest claims do not survive. The petition remained maintainable without prior court sanction in the liquidation proceedings, but was dismissed because the valid tax adjustment defeated the monetary claim. Case-Laws Companies Law Mon, 18 Dec 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101933