https://www.taxtmi.com/caselaws?id=7043 The court directed the liquidator in a winding-up case to file an application for directions on tax liability issues, considering potential tax liabilities and fees owed to the Central Government. The auditors estimated a tax liability of Rs. 93,745 on interest received by the liquidator. The court clarified that a company in liquidation remains liable for income tax, with the liquidator responsible for tax compliance and notifying the Income-tax Officer. Tax assessment and collection require court approval, emphasizing the continued existence of the company for tax purposes post-winding-up. en-us Tue, 23 Jan 1968 00:00:00 +0530 Sun, 08 Feb 2009 10:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7043 The court directed the liquidator in a winding-up case to file an application for directions on tax liability issues, considering potential tax liabilities and fees owed to the Central Government. The auditors estimated a tax liability of Rs. 93,745 on interest received by the liquidator. The court clarified that a company in liquidation remains liable for income tax, with the liquidator responsible for tax compliance and notifying the Income-tax Officer. Tax assessment and collection require court approval, emphasizing the continued existence of the company for tax purposes post-winding-up. Case-Laws Income Tax Tue, 23 Jan 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7043