PMLA anticipatory bail requires satisfaction of twin conditions, while predicate-offence protection does not extend to independent money-laundering pr...
School-affiliation charges remain taxable where not directly connected with examinations, while extended limitation requires proof of deliberate tax e...
Secured creditor has priority over Sales Tax Department for recovering dues from borrower/entity. Section 26E of SARFAESI Act and Section 38 of 2002 Act considered. Sales Tax Department must attach immovable property and issue proclamation as per law before enforcing priority over secured creditor. Mere communication to revenue authorities insufficient. Without valid attachment order and proclamation, Sales Tax Department cannot claim precedence over secured creditor's dues u/s 26E of SARFAESI Act. Secured creditor's petition allowed to proceed with enforcement of security interest over assets.
Secured creditor has priority over Sales Tax Department for recovering dues from borrower/entity. Section 26E of SARFAESI Act and Section 38 of 2002 Act considered. Sales Tax Department must attach immovable property and issue proclamation as per law before enforcing priority over secured creditor. Mere communication to revenue authorities insufficient. Without valid attachment order and proclamation, Sales Tax Department cannot claim precedence over secured creditor's dues u/s 26E of SARFAESI Act. Secured creditor's petition allowed to proceed with enforcement of security interest over assets.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4827 
Join Channel 
