https://www.taxtmi.com/caselaws?id=422710 Section 47 of the Rajasthan Value Added Tax Act, 2003 created a first charge for State tax dues, but that priority could not displace the liquidation scheme under Sections 529A and 530 of the Companies Act, 1956. The Companies Act accorded overriding protection to workmen's dues and secured creditors, and Section 530 operated subject to Section 529A. The State enactment's non obstante clause did not prevail against the parliamentary framework governing winding up, so tax dues could not be elevated above the statutorily protected claims of workmen and secured creditors in company liquidation. en-us Thu, 12 May 2022 00:00:00 +0530 Fri, 20 May 2022 22:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422710 Section 47 of the Rajasthan Value Added Tax Act, 2003 created a first charge for State tax dues, but that priority could not displace the liquidation scheme under Sections 529A and 530 of the Companies Act, 1956. The Companies Act accorded overriding protection to workmen's dues and secured creditors, and Section 530 operated subject to Section 529A. The State enactment's non obstante clause did not prevail against the parliamentary framework governing winding up, so tax dues could not be elevated above the statutorily protected claims of workmen and secured creditors in company liquidation. Case-Laws VAT and Sales Tax Thu, 12 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422710