Priority of charges - Recovery of tax dues over secured ...

Income Tax

July 15, 2023

Priority of charges - Recovery of tax dues over secured creditors - in light of the position that the creation of charge by the financial institutions was long prior to the orders of attachment having been passed by the Income-Tax Department / Commercial Taxes Department. These writ petitions are thus liable to be allowed - The proceedings for attachment of the properties in the respective writ petitions stand quashed. - HC

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Priority of charges - Recovery of tax dues over secured ...

Income Tax

July 15, 2023

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