Tax as first charge on property establishes government priority over other claims, subject to the insolvency code exception. Tax liability for tax, interest or penalty payable to the government constitutes a first charge on the taxpayer's property, overriding other laws except where the Insolvency and Bankruptcy Code provides otherwise; such amounts attach to the person's property as the primary security for recovery.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax as first charge on property establishes government priority over other claims, subject to the insolvency code exception.
Tax liability for tax, interest or penalty payable to the government constitutes a first charge on the taxpayer's property, overriding other laws except where the Insolvency and Bankruptcy Code provides otherwise; such amounts attach to the person's property as the primary security for recovery.
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