https://www.taxtmi.com/caselaws?id=102989 The Special Court under the Special Court (Trial of Offences Relating to Transactions in Securities) Act, 1992 has only limited jurisdiction over attached property and the prioritisation of competing claims. Although tax liabilities of notified persons rank in the first order of priority under section 11, the Court cannot reassess, review, or override a tax assessment made by the competent authority, tribunal, or court under the taxing statute. Its role is confined to determining how far the tax claim can be met from available funds and protecting any unpaid balance as required by law. The decision in S.V. Kondaskar was held inapplicable because it concerned distribution of an already determined tax debt, not examination of the assessment itself. en-us Tue, 18 Jul 1995 00:00:00 +0530 Thu, 05 Feb 2015 14:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102989 The Special Court under the Special Court (Trial of Offences Relating to Transactions in Securities) Act, 1992 has only limited jurisdiction over attached property and the prioritisation of competing claims. Although tax liabilities of notified persons rank in the first order of priority under section 11, the Court cannot reassess, review, or override a tax assessment made by the competent authority, tribunal, or court under the taxing statute. Its role is confined to determining how far the tax claim can be met from available funds and protecting any unpaid balance as required by law. The decision in S.V. Kondaskar was held inapplicable because it concerned distribution of an already determined tax debt, not examination of the assessment itself. Case-Laws Companies Law Tue, 18 Jul 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102989