https://www.taxtmi.com/caselaws?id=7798 The High Court of Madras ruled in favor of the petitioner, a liquidator of a company, in a case concerning personal liability for tax under section 178(4) of the Income-tax Act. The court held that the amended provisions could not be retroactively applied and emphasized that the petitioner's actions in 1963 substantially complied with the requirements. As the Income-tax Officer failed to notify the tax amount within the specified time, the court absolved the liquidator from personal liability. The court quashed the order holding the liquidator liable, emphasizing procedural compliance and limitations on imposing personal liability on liquidators. en-us Tue, 24 Mar 1970 00:00:00 +0530 Thu, 19 Mar 2009 11:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7798 The High Court of Madras ruled in favor of the petitioner, a liquidator of a company, in a case concerning personal liability for tax under section 178(4) of the Income-tax Act. The court held that the amended provisions could not be retroactively applied and emphasized that the petitioner's actions in 1963 substantially complied with the requirements. As the Income-tax Officer failed to notify the tax amount within the specified time, the court absolved the liquidator from personal liability. The court quashed the order holding the liquidator liable, emphasizing procedural compliance and limitations on imposing personal liability on liquidators. Case-Laws Income Tax Tue, 24 Mar 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7798