https://www.taxtmi.com/acts?id=51867 A liquidator or receiver must notify the Assessing Officer within thirty days of appointment; the Assessing Officer must, within three months, notify an amount sufficient to provide for tax. The liquidator must not part with assets without leave and must set aside the notified amount before disposing assets. Reasonable disposals for paying tax, satisfying priority secured creditors, or meeting winding-up costs may be permitted. Failure to notify, to set aside funds, or prohibited disposition makes the liquidator personally liable to the extent of the notified amount; multiple liquidators are jointly and severally liable. en-us Thu, 14 Aug 2025 17:47:11 +0530 Wed, 20 Aug 2025 16:25:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51867 A liquidator or receiver must notify the Assessing Officer within thirty days of appointment; the Assessing Officer must, within three months, notify an amount sufficient to provide for tax. The liquidator must not part with assets without leave and must set aside the notified amount before disposing assets. Reasonable disposals for paying tax, satisfying priority secured creditors, or meeting winding-up costs may be permitted. Failure to notify, to set aside funds, or prohibited disposition makes the liquidator personally liable to the extent of the notified amount; multiple liquidators are jointly and severally liable. Act-Rules Income Tax Thu, 14 Aug 2025 17:47:11 +0530 https://www.taxtmi.com/acts?id=51867