https://www.taxtmi.com/caselaws?id=20701 A company in liquidation remained assessable to income tax, and objections that its return was non est, that it was not chargeable on income or capital gains, or that no rate applied to companies in liquidation were rejected. Omission to compute tax in the body of the assessment order did not invalidate the assessment where the demand notice correctly stated the tax payable. For income from other sources, only expenditure wholly and exclusively incurred to earn the income was deductible, so the full claimed expenses could not be allowed. A prior reference under section 144A did not bar a later section 144B procedure, and the time spent in that process was excluded for limitation purposes. en-us Tue, 07 Apr 1992 00:00:00 +0530 Mon, 16 Nov 2009 16:51:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20701 A company in liquidation remained assessable to income tax, and objections that its return was non est, that it was not chargeable on income or capital gains, or that no rate applied to companies in liquidation were rejected. Omission to compute tax in the body of the assessment order did not invalidate the assessment where the demand notice correctly stated the tax payable. For income from other sources, only expenditure wholly and exclusively incurred to earn the income was deductible, so the full claimed expenses could not be allowed. A prior reference under section 144A did not bar a later section 144B procedure, and the time spent in that process was excluded for limitation purposes. Case-Laws Income Tax Tue, 07 Apr 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20701