Court Rules Bank Holds First Priority Over Secured Assets u/s 48 of VAT Act, 2003.

Court Rules Bank Holds First Priority Over Secured Assets u/s 48 of VAT Act, 2003. https://www.taxtmi.com/highlights?id=49431 Recovery of sales tax dues - Attachment of mortgaged properties - first charge of the Bank or not - the first priority over the secured assets shall be of the Bank and not of the State Government by virtue of Section 48 of the VAT Act, 2003. - HC en-us Wed, 25 Sep 2019 06:41:55 +0530 Wed, 25 Sep 2019 06:41:55 +0530 TaxTMI RSS Generator Court Rules Bank Holds First Priority Over Secured Assets u/s 48 of VAT Act, 2003. https://www.taxtmi.com/highlights?id=49431 Recovery of sales tax dues - Attachment of mortgaged properties - first charge of the Bank or not - the first priority over the secured assets shall be of the Bank and not of the State Government by virtue of Section 48 of the VAT Act, 2003. - HC Highlights VAT and Sales Tax Wed, 25 Sep 2019 06:41:55 +0530 https://www.taxtmi.com/highlights?id=49431