https://www.taxtmi.com/caselaws?id=253922 The court held that the claims of the Income Tax Department for priority payment of tax dues over secured creditors and workmen were not sustainable. Secured creditors and workmen have statutory priority under Section 529A of the Companies Act, overriding other claims. The Official Liquidator was directed to proceed with disbursements in line with Section 529A, following court permissions. The Department's applications were dismissed, emphasizing the Official Liquidator's compliance with informing the Department and filing tax returns regularly. en-us Mon, 30 Jun 2014 00:00:00 +0530 Mon, 08 Dec 2014 09:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253922 The court held that the claims of the Income Tax Department for priority payment of tax dues over secured creditors and workmen were not sustainable. Secured creditors and workmen have statutory priority under Section 529A of the Companies Act, overriding other claims. The Official Liquidator was directed to proceed with disbursements in line with Section 529A, following court permissions. The Department's applications were dismissed, emphasizing the Official Liquidator's compliance with informing the Department and filing tax returns regularly. Case-Laws Income Tax Mon, 30 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253922