https://www.taxtmi.com/caselaws?id=330337 A prior SARFAESI enforcement notice under Section 13(2), read with the Act's overriding clause, was treated as operating with priority over a later income tax attachment because it restrains dealings with the secured asset and supports enforcement by the secured creditor. The Income Tax Department could not rely on Section 281 of the Income-tax Act to block registration of a sale deed executed pursuant to the SARFAESI sale. The attachment was therefore ineffective to the extent it interfered with the secured creditor's enforcement and the purchaser's title documentation. en-us Wed, 13 Jul 2016 00:00:00 +0530 Fri, 22 Jul 2016 14:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330337 A prior SARFAESI enforcement notice under Section 13(2), read with the Act's overriding clause, was treated as operating with priority over a later income tax attachment because it restrains dealings with the secured asset and supports enforcement by the secured creditor. The Income Tax Department could not rely on Section 281 of the Income-tax Act to block registration of a sale deed executed pursuant to the SARFAESI sale. The attachment was therefore ineffective to the extent it interfered with the secured creditor's enforcement and the purchaser's title documentation. Case-Laws Income Tax Wed, 13 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330337