Supreme Court · 1996 INSC 412 · Decided 19 March 1996
Imperial Chit Funds (P) LTD. v. Income Tax Officer, Ernakulam
- Court
- Supreme Court of India
- Citation
- 1996 INSC 412 · [1996] 3 S.C.R. 640
- Case number
- CIVIL APPEAL No. 1199/1979
- Decided
- 19 March 1996
- Bench
- B.P. JEEVAN REDDY, K.S. PARIPOORNAN (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Companies Act Section 53, 530; Income Tax Act Section 178, 178(3), 178(4), 178(6)
Headnote
c D Income-Tax Act, 1961: Section 178--Scope of Companies Act, 1956: Section 53()-Scope of Company-Liquidation-Income-t~Recovery-Pre f ere 11tia1 pay­ ment-Liquidation proceedings-Notice for payment of tax to liquidato1-Tax · amount to be set apwt by liquidatoi-Held outside the winding scheme of section 530 of Companies Act-Held scope of both sections is different. Central Sales Tax Act, 1956: Section 17. Company in liquidation-Tax recove1y-lnte1pretation of section 178 of Income-Tax Act held applicable to section 17 of Central Sales Tax Act. E Orders for recovery are sent
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