The State Of Maharashtra Through The ... vs The Official Liquidator Of Devidayal ... on 19 July, 2024
918. IA 1809-19 in CA 144-19.doc
Others (supra), that the term tax, penalty and interest are conceptually
different and priority has been given only to tax and nothing else.
Therefore, the amount of interest and penalty cannot be included in the
term tax to avail of the priority under Section 530(1)(a) of the
Companies Act, 1956.