https://www.taxtmi.com/caselaws?id=60471 The Tribunal held that a company in liquidation is a taxable entity, the return signed by the liquidator is valid, the assessment order need not compute tax payable within its body, and the ITO has jurisdiction to determine allowable deductions for liquidation expenses. The appeal was dismissed, upholding the taxability of income for a company in liquidation under the Income-tax Act, 1961, and affirming the validity of the assessment procedures in place for such entities. en-us Wed, 03 Jun 1987 00:00:00 +0530 Wed, 05 Jan 2011 14:11:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60471 The Tribunal held that a company in liquidation is a taxable entity, the return signed by the liquidator is valid, the assessment order need not compute tax payable within its body, and the ITO has jurisdiction to determine allowable deductions for liquidation expenses. The appeal was dismissed, upholding the taxability of income for a company in liquidation under the Income-tax Act, 1961, and affirming the validity of the assessment procedures in place for such entities. Case-Laws Income Tax Wed, 03 Jun 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60471