https://www.taxtmi.com/caselaws?id=148301 Sales tax arrears did not rank in priority in winding up unless they were both due and payable within the twelve months preceding the relevant date under section 530(1)(a) of the Companies Act, 1956; arrears from earlier years therefore failed the priority test. Assessment orders made for a later year without notice to the Official Liquidator could not be ignored on that basis alone, because the taxing statute provided the exclusive remedies for challenge through appeal, revision and reference. The Official Liquidator remained bound by the assessments until they were set aside under that statutory scheme, so the later claims were to be considered, but without winding-up priority. en-us Fri, 15 Sep 1967 00:00:00 +0530 Thu, 25 Apr 2013 14:34:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=148301 Sales tax arrears did not rank in priority in winding up unless they were both due and payable within the twelve months preceding the relevant date under section 530(1)(a) of the Companies Act, 1956; arrears from earlier years therefore failed the priority test. Assessment orders made for a later year without notice to the Official Liquidator could not be ignored on that basis alone, because the taxing statute provided the exclusive remedies for challenge through appeal, revision and reference. The Official Liquidator remained bound by the assessments until they were set aside under that statutory scheme, so the later claims were to be considered, but without winding-up priority. Case-Laws VAT and Sales Tax Fri, 15 Sep 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=148301