https://www.taxtmi.com/caselaws?id=23480 The court ruled in favor of the petitioner, holding that the guarantee given under section 230(1) of the Income-tax Act, 1961, is limited to liabilities outstanding at the time of departure or with reference to that date. The court emphasized that satisfactory arrangements or guarantees cannot extend beyond the period of departure. Consequently, the court made the rule absolute in favor of the petitioner, stating that the guarantee's scope cannot exceed the requirements of section 230(1). en-us Mon, 19 Mar 1990 00:00:00 +0530 Sat, 19 Dec 2009 15:36:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23480 The court ruled in favor of the petitioner, holding that the guarantee given under section 230(1) of the Income-tax Act, 1961, is limited to liabilities outstanding at the time of departure or with reference to that date. The court emphasized that satisfactory arrangements or guarantees cannot extend beyond the period of departure. Consequently, the court made the rule absolute in favor of the petitioner, stating that the guarantee's scope cannot exceed the requirements of section 230(1). Case-Laws Income Tax Mon, 19 Mar 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23480