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

Section 34 - Act - 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 within a period of thirty days of his becoming the liquidator. (2) The Assessing Officer shall, within a period of three months from the date on which he receives the information, intimate to the liquidator the amount which, in his opinion, would be suf .....

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t 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 creditors to the extent such debts under clause (iii) of the proviso to sub-section (1) of section 325 of the Companies Act, 2013 paripassu with such dues. (18 of 2013.) (5) The liquidator shall be personally liable for the payment of the amount payable .....

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