https://www.taxtmi.com/caselaws?id=272917 The court affirmed that advance income-tax demanded under Section 18A within twelve months before the winding-up order is a tax under Section 230(1)(a) of the Indian Companies Act. The State is entitled to priority over other debts, as ruled by Krishnaswami Nayudu, J. The appeal was dismissed, with costs awarded to the liquidators recoverable from the company's assets. en-us Tue, 10 Nov 1953 00:00:00 +0530 Thu, 24 May 2018 17:14:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272917 The court affirmed that advance income-tax demanded under Section 18A within twelve months before the winding-up order is a tax under Section 230(1)(a) of the Indian Companies Act. The State is entitled to priority over other debts, as ruled by Krishnaswami Nayudu, J. The appeal was dismissed, with costs awarded to the liquidators recoverable from the company's assets. Case-Laws Income Tax Tue, 10 Nov 1953 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272917