https://www.taxtmi.com/caselaws?id=25731 The High Court ruled in favor of the assessee-company, M/s. Golcha Properties (Private) Ltd., in a case involving the interpretation of sections 220(1) and 220(2) of the Income-tax Act, 1961 for a company in liquidation. The court held that interest under section 220(2) was not chargeable post the winding-up order under the Companies Act, emphasizing the precedence of specific Companies Act provisions over general Income-tax Act provisions in such situations. The decision affirmed the Tribunal's ruling, emphasizing the limited jurisdiction of the Income-tax Officer and settling the legal questions in favor of the company without awarding costs. en-us Thu, 30 Oct 1986 00:00:00 +0530 Sat, 30 Jan 2010 15:04:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25731 The High Court ruled in favor of the assessee-company, M/s. Golcha Properties (Private) Ltd., in a case involving the interpretation of sections 220(1) and 220(2) of the Income-tax Act, 1961 for a company in liquidation. The court held that interest under section 220(2) was not chargeable post the winding-up order under the Companies Act, emphasizing the precedence of specific Companies Act provisions over general Income-tax Act provisions in such situations. The decision affirmed the Tribunal's ruling, emphasizing the limited jurisdiction of the Income-tax Officer and settling the legal questions in favor of the company without awarding costs. Case-Laws Income Tax Thu, 30 Oct 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25731