https://www.taxtmi.com/caselaws?id=37822 The court held that the tax dues claimed by the Income Tax Officer (ITO) should be paid immediately by the liquidator as per the provisions of Section 178 of the Income Tax Act. The court emphasized that the amount "set aside" under Section 178 is outside the winding-up proceedings and should be honored, rejecting the liquidator's objections. The court found that the ITO's claim for tax dues and interest is valid and should be given priority in accordance with the relevant statutory provisions. en-us Thu, 10 Aug 1978 00:00:00 +0530 Thu, 01 Apr 2010 12:33:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37822 The court held that the tax dues claimed by the Income Tax Officer (ITO) should be paid immediately by the liquidator as per the provisions of Section 178 of the Income Tax Act. The court emphasized that the amount "set aside" under Section 178 is outside the winding-up proceedings and should be honored, rejecting the liquidator's objections. The court found that the ITO's claim for tax dues and interest is valid and should be given priority in accordance with the relevant statutory provisions. Case-Laws Income Tax Thu, 10 Aug 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37822