https://www.taxtmi.com/caselaws?id=247105 The Andhra Pradesh General Sales Tax Act, 1957 confers an overriding first charge on the dealer's property for tax, penalty, interest and other sums due, and that charge prevails over a prior mortgage unless the statute clearly provides otherwise. Applying that principle, the Court treated the State's tax-arrears attachment as enforceable against the petitioner bank's earlier security interest. Section 17-A, which voids transfers or charges made to defraud revenue, was held not to dilute or qualify the priority created by section 16-C, because such a reading would undermine the later amendment and make the first-charge provision ineffective. The challenge to the attachment therefore failed. en-us Mon, 23 Dec 2013 00:00:00 +0530 Mon, 07 Jul 2014 14:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247105 The Andhra Pradesh General Sales Tax Act, 1957 confers an overriding first charge on the dealer's property for tax, penalty, interest and other sums due, and that charge prevails over a prior mortgage unless the statute clearly provides otherwise. Applying that principle, the Court treated the State's tax-arrears attachment as enforceable against the petitioner bank's earlier security interest. Section 17-A, which voids transfers or charges made to defraud revenue, was held not to dilute or qualify the priority created by section 16-C, because such a reading would undermine the later amendment and make the first-charge provision ineffective. The challenge to the attachment therefore failed. Case-Laws VAT and Sales Tax Mon, 23 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247105