https://www.taxtmi.com/caselaws?id=338306 Arrear sales tax dues were held recoverable from a financial corporation that had taken over and sold an industrial unit under statutory powers, because the State's first charge over the dealer's property prevailed over the corporation's earlier mortgage or secured interest. The court applied its earlier precedent on similar facts and rejected the argument that recovery should be confined to the transferee purchaser. The recovery notice against the corporation was therefore upheld. en-us Thu, 12 Jan 2017 00:00:00 +0530 Mon, 30 Jan 2017 21:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338306 Arrear sales tax dues were held recoverable from a financial corporation that had taken over and sold an industrial unit under statutory powers, because the State's first charge over the dealer's property prevailed over the corporation's earlier mortgage or secured interest. The court applied its earlier precedent on similar facts and rejected the argument that recovery should be confined to the transferee purchaser. The recovery notice against the corporation was therefore upheld. Case-Laws VAT and Sales Tax Thu, 12 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338306