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VAT - Highlights / Catch Notes

Home Highlights November 2018 Year 2018 This

Attachment of property - recovery of tax dues - Whatever be the ...


Auction Buyer Retains Property Rights Despite Bank's Petition; Tax Dues Attachment Doesn't Affect Use and Enjoyment.

November 3, 2018

Case Laws     VAT and Sales Tax     HC

Attachment of property - recovery of tax dues - Whatever be the outcome of the petition filed by the bank, the purchaser of the property through such auction sale conducted under the interim order of the Court, cannot be deprived full use and enjoyment of the property, that too after paying sizable sum to the tune of ₹ 13.30 crores.

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