https://www.taxtmi.com/caselaws?id=37710 The court granted leave to the petitioner to issue notices for advance tax payment for the relevant year, emphasizing the court's ability to intervene post-tax quantification to safeguard the interests of the company and creditors. The court held that the Income-tax Officer can proceed with assessments or reassessments without obtaining leave under the Companies Act, with the winding-up court responsible for protecting the company and creditors concerning tax liabilities. The decision balanced the statutory powers of the ITO with the court's oversight role in winding-up proceedings. en-us Tue, 20 Dec 1977 00:00:00 +0530 Wed, 31 Mar 2010 15:48:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37710 The court granted leave to the petitioner to issue notices for advance tax payment for the relevant year, emphasizing the court's ability to intervene post-tax quantification to safeguard the interests of the company and creditors. The court held that the Income-tax Officer can proceed with assessments or reassessments without obtaining leave under the Companies Act, with the winding-up court responsible for protecting the company and creditors concerning tax liabilities. The decision balanced the statutory powers of the ITO with the court's oversight role in winding-up proceedings. Case-Laws Income Tax Tue, 20 Dec 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37710