https://www.taxtmi.com/caselaws?id=376680 The court allowed the writ petition, setting aside the order of attachment. It directed the Sub-Registrar to register the sale certificate issued by the bank, as the mortgage created by the assessee during income tax proceedings was deemed valid. The court emphasized that the bank's claim as a secured creditor takes precedence over the Income Tax Department's claim, as the mortgage was created before the assessment order and demand notice, and voidity under Section 281(1) is not automatic. en-us Tue, 04 Dec 2018 00:00:00 +0530 Wed, 13 Mar 2019 16:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376680 The court allowed the writ petition, setting aside the order of attachment. It directed the Sub-Registrar to register the sale certificate issued by the bank, as the mortgage created by the assessee during income tax proceedings was deemed valid. The court emphasized that the bank's claim as a secured creditor takes precedence over the Income Tax Department's claim, as the mortgage was created before the assessment order and demand notice, and voidity under Section 281(1) is not automatic. Case-Laws Income Tax Tue, 04 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376680