https://www.taxtmi.com/caselaws?id=239334 A statutory first charge under the Kerala General Sales Tax Act was held to override rights of purchasers in a bank sale under SARFAESI, because the tax charge arose by operation of law and took priority over inconsistent property law principles. The Court also held that a transfer made during pending tax proceedings remained vulnerable under the statute, and purchasers could not escape the charge by relying on bona fide purchase, lack of notice, or the alleged involuntary nature of the sale. The bank sale was therefore subject to the State's tax recovery claim. en-us Wed, 14 Aug 2013 00:00:00 +0530 Fri, 11 Jul 2014 16:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239334 A statutory first charge under the Kerala General Sales Tax Act was held to override rights of purchasers in a bank sale under SARFAESI, because the tax charge arose by operation of law and took priority over inconsistent property law principles. The Court also held that a transfer made during pending tax proceedings remained vulnerable under the statute, and purchasers could not escape the charge by relying on bona fide purchase, lack of notice, or the alleged involuntary nature of the sale. The bank sale was therefore subject to the State's tax recovery claim. Case-Laws VAT and Sales Tax Wed, 14 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239334