https://www.taxtmi.com/caselaws?id=174105 A prior attachment by the State in income-tax recovery proceedings can fasten on sale proceeds realised from the attached property, even if the proceeds are later taken by a decree-holder. Debts due to the State retain priority over other debts, and where the sale proceeds remain in court the State may seek payment out in execution. If the money has already been withdrawn, a payment-out application is unavailable, but the State may still recover the proceeds from the person who received them by suit. The earlier attachment therefore remained effective against the proceeds taken by the decree-holder, and the claim of lost priority was rejected. en-us Tue, 05 Feb 1985 00:00:00 +0530 Wed, 30 Sep 2015 11:28:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174105 A prior attachment by the State in income-tax recovery proceedings can fasten on sale proceeds realised from the attached property, even if the proceeds are later taken by a decree-holder. Debts due to the State retain priority over other debts, and where the sale proceeds remain in court the State may seek payment out in execution. If the money has already been withdrawn, a payment-out application is unavailable, but the State may still recover the proceeds from the person who received them by suit. The earlier attachment therefore remained effective against the proceeds taken by the decree-holder, and the claim of lost priority was rejected. Case-Laws Income Tax Tue, 05 Feb 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174105