https://www.taxtmi.com/caselaws?id=287966 The article clarifies that recovery steps under the income tax statutory recovery code constitute "a suit, or other legal proceeding" within the winding up framework, so tax recovery initiated after a winding up order cannot proceed without leave of the winding up court. It reasons that the phrase "law for the time being in force" embraces the Companies Act distribution scheme, that the pari passu and preferential payment rules limit any prerogative to prefer Crown debts, and that the Collector's statutory and quasi judicial recovery powers amount to legal proceedings for which leave or proof as a creditor is required. en-us Sat, 18 Nov 1944 00:00:00 +0630 Tue, 12 May 2020 17:29:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287966 The article clarifies that recovery steps under the income tax statutory recovery code constitute "a suit, or other legal proceeding" within the winding up framework, so tax recovery initiated after a winding up order cannot proceed without leave of the winding up court. It reasons that the phrase "law for the time being in force" embraces the Companies Act distribution scheme, that the pari passu and preferential payment rules limit any prerogative to prefer Crown debts, and that the Collector's statutory and quasi judicial recovery powers amount to legal proceedings for which leave or proof as a creditor is required. Case-Laws Income Tax Sat, 18 Nov 1944 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=287966