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Recovery of tax dues in case of a company in liquidation.

Section 34 - Acts - TAX MANAGEMENT - Other Direct Tax / Income Tax - Section 34 - 34. (1) The liquidator shall inform the Assessing Officer, who has jurisdiction to assess the undisclosed foreign income and asset of the company, of his appointment wi .....

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fficient to provide for any tax arrears or any amount which is likely to become payable thereafter, by the company under this Act. (3) The liquidator- (a) shall not part with any of the assets of the company, or the properties, in his custody until h .....

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nt so intimated shall, notwithstanding anything in any other law for the time being in force, be the first charge on the assets of the company remaining after payment of the following dues, namely:- (a) workmen s dues; and (b) debts due to secured cr .....

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e by the company, if he- (a) fails to inform in accordance with sub-section (1); or (b) fails to set aside the amount as required by sub-section (3). (6) The obligations and liabilities attached to the liquidator under this section shall attach to al .....

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) "liquidator" in relation to a company which is being wound up, whether under the orders of a court or otherwise, shall include a receiver of the assets of the company; (b) "workmen s dues" shall have the meaning assigned to it i .....

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