2001 (2) TMI 952

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..... 1. We have heard Shri R.P. Agarwal, the learned counsel for the appellants, Shri Govind Krishna, the learned advocate and Shri Bharat Ji Agarwal the learned senior advocate, for the Income-tax authorities. 2. Pursuant to our order passed on 8-1-2001, Shri Bharat Ji Agarwal, the learned senior advocate appearing for the Income-tax authorities, has filed counter affidavit in the case. He submit .....

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..... me-tax Act, have simply done an eyewash, conveniently ignoring the provisions of section 179 of the Income-tax Act. They have simply performed and empty ritual by lodging the claim before the official liquidator impliedly giving a clean chit to the ex-directors of the company who are legally liable to make payment of huge amount of Rs. 1,16,85,597." 3. Mr. Bharat Ji Agarwal, the learned senior .....

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..... records showing the directors who were at the relevant time ( sic ). When the appeal was argued before us, the official liquidator vehemently contended that the proceeding should continue against the appellants. We are of the view that official liquidator should be more responsible. Had he placed the relevant records before the learned Single Judge, the learned Single Judge probably might not have .....

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