https://www.taxtmi.com/caselaws?id=38545 The court held that the official liquidator cannot be held personally liable to pay interest on tax demands without court approval. While section 220(2) of the Income-tax Act imposes liability on the assessee for interest, the official liquidator, acting under court supervision, cannot make such payments without court sanction. The court emphasized the importance of court scrutiny in approving interest claims post-winding-up to protect creditors' interests and ensure proper asset distribution. The Income-tax Officer was restrained from enforcing the interest claim without court approval, highlighting the need for adherence to Companies Act provisions in liquidation proceedings. en-us Fri, 04 Mar 1977 00:00:00 +0530 Wed, 07 Apr 2010 11:40:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38545 The court held that the official liquidator cannot be held personally liable to pay interest on tax demands without court approval. While section 220(2) of the Income-tax Act imposes liability on the assessee for interest, the official liquidator, acting under court supervision, cannot make such payments without court sanction. The court emphasized the importance of court scrutiny in approving interest claims post-winding-up to protect creditors' interests and ensure proper asset distribution. The Income-tax Officer was restrained from enforcing the interest claim without court approval, highlighting the need for adherence to Companies Act provisions in liquidation proceedings. Case-Laws Income Tax Fri, 04 Mar 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38545