Outstanding amount, the expression 'outstanding' in s. 2(m)(iii)(a) and (b) will have to be construed in the background of the phrase 'amount of tax..........payable in consequence of an order' and in that context it must mean remaining unpaid after the obligation to pay is incurred, CWT v. J. K. Cotton Manufacturing Ltd., AIR 1984 SC 946 (952): (1984) 3 SCC 393. [Wealth Tax Act, 1957 s. 2(m)(iii)(a) & (b)]
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