https://www.taxtmi.com/caselaws?id=39616 The court held that Section 178 of the Income-tax Act, with its non-obstante clause, overrides the limitations of Section 530(1)(a) of the Companies Act. It directed the liquidator to set aside and pay the tax amount notified by the Income-tax Officer, emphasizing the legislative intent to ensure tax payment in liquidation cases. The judgment highlights the comprehensive protection for tax dues under Section 178, superseding the restricted preferential treatment under Section 530(1)(a). en-us Mon, 04 Mar 1974 00:00:00 +0530 Mon, 19 Apr 2010 11:40:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39616 The court held that Section 178 of the Income-tax Act, with its non-obstante clause, overrides the limitations of Section 530(1)(a) of the Companies Act. It directed the liquidator to set aside and pay the tax amount notified by the Income-tax Officer, emphasizing the legislative intent to ensure tax payment in liquidation cases. The judgment highlights the comprehensive protection for tax dues under Section 178, superseding the restricted preferential treatment under Section 530(1)(a). Case-Laws Income Tax Mon, 04 Mar 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39616