https://www.taxtmi.com/caselaws?id=379394 A purchaser who acquired property in a statutory sale under the State Financial Corporations Act, 1957 could not claim the protection of a bona fide purchaser against the defaulting dealer's sales tax dues where the sale documents expressly put the property on an as is where is basis and required the buyer to bear commercial tax and other statutory liabilities. The second sale deed also excluded warranties and stated that any taxes, levies, or liabilities found due would be payable by the purchaser. The buyer's own letter showed awareness of the tax dues and a request for a reduced price. On these facts, the Madras HC held that the purchaser had notice of the liability and was not entitled to protection under Section 24-A of the Tamil Nadu General Sales Tax Act, 1959. en-us Wed, 24 Apr 2019 00:00:00 +0530 Thu, 02 May 2019 14:18:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379394 A purchaser who acquired property in a statutory sale under the State Financial Corporations Act, 1957 could not claim the protection of a bona fide purchaser against the defaulting dealer's sales tax dues where the sale documents expressly put the property on an as is where is basis and required the buyer to bear commercial tax and other statutory liabilities. The second sale deed also excluded warranties and stated that any taxes, levies, or liabilities found due would be payable by the purchaser. The buyer's own letter showed awareness of the tax dues and a request for a reduced price. On these facts, the Madras HC held that the purchaser had notice of the liability and was not entitled to protection under Section 24-A of the Tamil Nadu General Sales Tax Act, 1959. Case-Laws VAT and Sales Tax Wed, 24 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379394