TMI Blog1978 (9) TMI 4X X X X Extracts X X X X X X X X Extracts X X X X ..... , B-Ward, Companies Circle, Ernakulam. Considerable amounts were due to the I.T. department from the Catholic Bank of India Ltd. by way of arrears of income-tax under assessment orders passed against the company for the years 1955-56 to 1959-60. The company was ordered to be wound up as per an order passed by this court dated October 3, 1961. Apparently under a wrong impression that the department ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ull amount of the tax arrears due by the company only on July 27, 1973. In the meantime, on January 28, 1971, the department wrote to the official liquidator requesting that provision should be made also for the further sum of Rs. 23,585 said to be due by way of interest on the arrears of tax payable under s. 220(2) of the I.T. Act, 1961, for the period subsequent to the passing of the winding-up ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dismissed." It is against the said order that the ITO has preferred this appeal. In our opinion the appellant is well founded in his contention that the order under appeal proceeds on a misconception that the request made by the department was mainly for priority in the matter of payment. Although a contention had been taken that the department was entitled to priority in respect of the entir ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e by the company in liquidation under s. 220(2) of the Act and to have the said claim duly adjudicated upon by the liquidator. Accordingly we direct that the department may file before the liquidator a fresh claim for the amount said to be due by the company in liquidation by way of interest under s. 220(2) of the I.T. Act, 1961, within one month from to day, and, if that is done, the liquidator s ..... X X X X Extracts X X X X X X X X Extracts X X X X
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