Tax as a first charge on property gives government priority over other claims except under insolvency law. Tax liability for tax, interest or penalty is a first charge on the property of the taxable person or other liable person, operating notwithstanding other law, except as provided by the insolvency regime.
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 a first charge on property gives government priority over other claims except under insolvency law.
Tax liability for tax, interest or penalty is a first charge on the property of the taxable person or other liable person, operating notwithstanding other law, except as provided by the insolvency regime.
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