https://www.taxtmi.com/caselaws?id=21889 The judgment clarified that expenses incurred by the liquidator in income tax assessments, including court fees and professional fees, are allowable expenses in the winding up administration of the company. The court emphasized uniform treatment of these expenses across companies under the liquidator's charge, reducing unnecessary disputes and expenses. This decision provides guidance for future cases, ensuring proper financial management in winding up proceedings. en-us Fri, 05 Jul 1991 00:00:00 +0530 Wed, 02 Dec 2009 18:19:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21889 The judgment clarified that expenses incurred by the liquidator in income tax assessments, including court fees and professional fees, are allowable expenses in the winding up administration of the company. The court emphasized uniform treatment of these expenses across companies under the liquidator's charge, reducing unnecessary disputes and expenses. This decision provides guidance for future cases, ensuring proper financial management in winding up proceedings. Case-Laws Income Tax Fri, 05 Jul 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21889