https://www.taxtmi.com/caselaws?id=20699 The court held that the return signed by the liquidators was valid, allowing the liquidator to sign and verify the return on behalf of the company in liquidation. The court also upheld the deduction of Rs. 36,987 as allowable expenditure under section 57(iii) for earning income. Additionally, the court affirmed the computation of income under section 41(2) read with section 41(5), supporting the Tribunal's decision. All issues were decided against the taxpayer in favor of the Revenue, with no costs awarded. en-us Fri, 04 Aug 1989 00:00:00 +0530 Mon, 16 Nov 2009 16:45:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20699 The court held that the return signed by the liquidators was valid, allowing the liquidator to sign and verify the return on behalf of the company in liquidation. The court also upheld the deduction of Rs. 36,987 as allowable expenditure under section 57(iii) for earning income. Additionally, the court affirmed the computation of income under section 41(2) read with section 41(5), supporting the Tribunal's decision. All issues were decided against the taxpayer in favor of the Revenue, with no costs awarded. Case-Laws Income Tax Fri, 04 Aug 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20699