https://www.taxtmi.com/acts?id=54031 Section 178 is amended to clarify distribution of amounts due to the Central Government and State Government in bankruptcy. Amounts relating to the whole or any part of the two years preceding the bankruptcy commencement date are to be distributed under clause (d), whether or not secured by a security interest created by agreement or by operation of law. Any remaining amount, whether or not secured, is to be distributed under clause (e). en-us Tue, 07 Apr 2026 13:22:09 +0530 Tue, 07 Apr 2026 13:22:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=54031 Section 178 is amended to clarify distribution of amounts due to the Central Government and State Government in bankruptcy. Amounts relating to the whole or any part of the two years preceding the bankruptcy commencement date are to be distributed under clause (d), whether or not secured by a security interest created by agreement or by operation of law. Any remaining amount, whether or not secured, is to be distributed under clause (e). Act-Rules F. Acts / Amendment Acts Tue, 07 Apr 2026 13:22:09 +0530 https://www.taxtmi.com/acts?id=54031