https://www.taxtmi.com/caselaws?id=364060 Competing claims over the same property were harmonised by recognising the State's statutory sales tax arrears claim alongside the Bank's mortgage-based entitlement. The Court permitted settlement of the tax liability under the Amnesty Scheme, directed release of the specified amount to the revenue authorities, and left the balance to be dealt with according to the Bank's rights. It also granted the Company a conditional opportunity to set aside the auction sale by paying the sale consideration with interest within three months; if payment was made in time, the sale would stand set aside, and if not, the sale would be confirmed in favour of the auction purchaser. en-us Tue, 20 Mar 2018 00:00:00 +0530 Fri, 14 Sep 2018 14:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364060 Competing claims over the same property were harmonised by recognising the State's statutory sales tax arrears claim alongside the Bank's mortgage-based entitlement. The Court permitted settlement of the tax liability under the Amnesty Scheme, directed release of the specified amount to the revenue authorities, and left the balance to be dealt with according to the Bank's rights. It also granted the Company a conditional opportunity to set aside the auction sale by paying the sale consideration with interest within three months; if payment was made in time, the sale would stand set aside, and if not, the sale would be confirmed in favour of the auction purchaser. Case-Laws VAT and Sales Tax Tue, 20 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364060