https://www.taxtmi.com/caselaws?id=337800 The Court ruled in favor of the petitioner, holding that the attachment order by the Income Tax Department was invalid as it occurred after the property was sold in a public auction. The Court directed the Sub-Registrar to register the Sale Certificate issued by the Debt Recovery Tribunal in favor of the petitioner, emphasizing that the petitioner, a bona fide purchaser, had paid the full sale consideration and that the Income Tax Department could not claim priority over a secured creditor. en-us Wed, 19 Oct 2016 00:00:00 +0530 Wed, 18 Jan 2017 08:45:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337800 The Court ruled in favor of the petitioner, holding that the attachment order by the Income Tax Department was invalid as it occurred after the property was sold in a public auction. The Court directed the Sub-Registrar to register the Sale Certificate issued by the Debt Recovery Tribunal in favor of the petitioner, emphasizing that the petitioner, a bona fide purchaser, had paid the full sale consideration and that the Income Tax Department could not claim priority over a secured creditor. Case-Laws Income Tax Wed, 19 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337800