Tax as first charge on property remains paramount over other laws, subject to the Insolvency and Bankruptcy Code exception. Any amount payable by a taxable person or any other person on account of tax, interest or penalty is a first charge on the property of such person, ... Summary
Tax as first charge on property remains paramount over other laws, subject to the Insolvency and Bankruptcy Code exception.
Any amount payable by a taxable person or any other person on account of tax, interest or penalty is a first charge on the property of such person, notwithstanding any contrary law, except as otherwise provided in the Insolvency and Bankruptcy Code, 2016.
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