Income-tax Act, 1961

Section - 178 - Company in liquidation

Company in liquidation.

178. (1) Every person-

(a)	-	who is the liquidator of any company which is being wound up, whether under the orders of a court or otherwise; or
(b)	-	who has been appointed the receiver of any assets of a company,

(hereinafter referred to as the liquidator) shall, within thirty days after he has become such liquidator, give notice of his appointment as such to the Assessing Officer who is entitled to assess the income of the company.

(2) The Assessing Officer shall, after making such inquiries or calling for such information as he may deem fit, notify to the liquidator within three months from the date on which he receives notice of the appointment of the liquidator the amount which, in the opinion of the Assessing Officer, would be sufficient to provide for any tax which is then, or is likely thereafter to become, payable by the company.

(3) The liquidator-

(a)

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