https://www.taxtmi.com/caselaws?id=776201 A company in liquidation was stated to have no funds to satisfy revenue demands, including outstanding taxes, and the Court noted its earlier order on the same position. Taking an overall view, the appeals were disposed of because the company could not pay its outstanding dues, while leaving the question of law open for decision in an appropriate case. The Court also noted that the tax effect in the appeals was just over Rs. 2 crore, but the substantive legal issue was not finally determined. en-us Thu, 31 Jul 2025 00:00:00 +0530 Mon, 09 Feb 2026 11:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776201 A company in liquidation was stated to have no funds to satisfy revenue demands, including outstanding taxes, and the Court noted its earlier order on the same position. Taking an overall view, the appeals were disposed of because the company could not pay its outstanding dues, while leaving the question of law open for decision in an appropriate case. The Court also noted that the tax effect in the appeals was just over Rs. 2 crore, but the substantive legal issue was not finally determined. Case-Laws Income Tax Thu, 31 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776201