https://www.taxtmi.com/caselaws?id=25287 The court directed the liquidators to allocate funds to meet both tax demands and other creditors' claims while preserving sufficient funds for future liquidation expenses. The court did not adjudicate on the merits of the tax assessments, leaving that to the appropriate tax authorities. Each party was directed to bear its own costs. en-us Fri, 28 Nov 1986 00:00:00 +0530 Wed, 27 Jan 2010 17:00:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25287 The court directed the liquidators to allocate funds to meet both tax demands and other creditors' claims while preserving sufficient funds for future liquidation expenses. The court did not adjudicate on the merits of the tax assessments, leaving that to the appropriate tax authorities. Each party was directed to bear its own costs. Case-Laws Income Tax Fri, 28 Nov 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25287