Tax priority: Government claims take first charge on taxpayer property, subject to insolvency code exceptions. Tax payable to the government by a taxable person or any other person, including amounts for tax, interest or penalty, constitutes a first charge on that person's property, notwithstanding contrary law, except as otherwise provided under the Insolvency and Bankruptcy Code.
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 priority: Government claims take first charge on taxpayer property, subject to insolvency code exceptions.
Tax payable to the government by a taxable person or any other person, including amounts for tax, interest or penalty, constitutes a first charge on that person's property, notwithstanding contrary law, except as otherwise provided under the Insolvency and Bankruptcy Code.
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