https://www.taxtmi.com/caselaws?id=38385 Common-law priority of Crown debts for income-tax arrears continued as law in force under Article 372(1) of the Constitution, and the statutory recovery provisions did not displace that priority. Government tax dues therefore ranked ahead of ordinary unsecured creditors in company liquidation, while the rights of secured creditors remained unaffected. The official liquidator was required to satisfy the Union of India's income-tax dues first and distribute any remaining surplus among the other creditors. en-us Fri, 03 Dec 1976 00:00:00 +0530 Tue, 06 Apr 2010 09:57:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38385 Common-law priority of Crown debts for income-tax arrears continued as law in force under Article 372(1) of the Constitution, and the statutory recovery provisions did not displace that priority. Government tax dues therefore ranked ahead of ordinary unsecured creditors in company liquidation, while the rights of secured creditors remained unaffected. The official liquidator was required to satisfy the Union of India's income-tax dues first and distribute any remaining surplus among the other creditors. Case-Laws Income Tax Fri, 03 Dec 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38385