https://www.taxtmi.com/caselaws?id=162535 Section 29 of the State Financial Corporations Act, 1951 is only an enabling power of sale and does not create a charge in favour of the financial corporation. By contrast, sections 26A and 26B of the Kerala General Sales Tax Act, 1963 can void specified transfers and give sales tax arrears the status of a first charge on the property. Where the tax arrears had already accrued before the sale, the State's statutory charge had attached, so the transfer to the purchaser was not binding on the Government and the State could proceed against the property and the sale consideration. en-us Fri, 23 Jun 2006 00:00:00 +0530 Sat, 01 Mar 2014 13:15:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=162535 Section 29 of the State Financial Corporations Act, 1951 is only an enabling power of sale and does not create a charge in favour of the financial corporation. By contrast, sections 26A and 26B of the Kerala General Sales Tax Act, 1963 can void specified transfers and give sales tax arrears the status of a first charge on the property. Where the tax arrears had already accrued before the sale, the State's statutory charge had attached, so the transfer to the purchaser was not binding on the Government and the State could proceed against the property and the sale consideration. Case-Laws VAT and Sales Tax Fri, 23 Jun 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=162535