https://www.taxtmi.com/acts?id=4148 A liquidator must notify the Assessing Officer of appointment; the Assessing Officer may notify an amount sufficient for the company's tax liability; the liquidator must set aside that amount and not part with assets except with authority or for permitted payments. Failure to comply makes the liquidator personally liable to the extent of the notified amount, with joint and several liability where multiple liquidators exist, and an exception for the Insolvency and Bankruptcy Code. en-us Sat, 19 Jan 2008 22:45:54 +0530 Sat, 05 Jul 2025 13:32:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=4148 A liquidator must notify the Assessing Officer of appointment; the Assessing Officer may notify an amount sufficient for the company's tax liability; the liquidator must set aside that amount and not part with assets except with authority or for permitted payments. Failure to comply makes the liquidator personally liable to the extent of the notified amount, with joint and several liability where multiple liquidators exist, and an exception for the Insolvency and Bankruptcy Code. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=4148