https://www.taxtmi.com/caselaws?id=358052 The court dismissed the winding-up petition for the disputed payment of Rs. 1,10,467 due to a genuine dispute raised by the respondent. However, the respondent was held liable for the tax liability of Rs. 1,08,000 resulting from non-supply of C-Forms, with the court directing the release of the deposited amount to the petitioner. The judgment underscored the necessity of resolving genuine disputes through proper legal avenues instead of resorting to winding-up petitions for debt recovery purposes. en-us Thu, 15 Mar 2018 00:00:00 +0530 Thu, 05 Apr 2018 08:23:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358052 The court dismissed the winding-up petition for the disputed payment of Rs. 1,10,467 due to a genuine dispute raised by the respondent. However, the respondent was held liable for the tax liability of Rs. 1,08,000 resulting from non-supply of C-Forms, with the court directing the release of the deposited amount to the petitioner. The judgment underscored the necessity of resolving genuine disputes through proper legal avenues instead of resorting to winding-up petitions for debt recovery purposes. Case-Laws Companies Law Thu, 15 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358052