https://www.taxtmi.com/caselaws?id=27284 The court held that assessment proceedings for income tax under section 220(2) of the Income Tax Act do not require prior sanction of the winding-up court as per section 446(1) of the Companies Act. Recovery of interest without such sanction was deemed invalid. The court emphasized the winding-up court's role in overseeing claims and payments during liquidation to protect company assets and creditors' interests. The Income Tax Department was directed to refund interest recovered to the official liquidator. The appeal was disposed of with no order as to costs. en-us Thu, 25 Apr 1985 00:00:00 +0530 Thu, 11 Feb 2010 18:27:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27284 The court held that assessment proceedings for income tax under section 220(2) of the Income Tax Act do not require prior sanction of the winding-up court as per section 446(1) of the Companies Act. Recovery of interest without such sanction was deemed invalid. The court emphasized the winding-up court's role in overseeing claims and payments during liquidation to protect company assets and creditors' interests. The Income Tax Department was directed to refund interest recovered to the official liquidator. The appeal was disposed of with no order as to costs. Case-Laws Income Tax Thu, 25 Apr 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27284