https://www.taxtmi.com/highlights?id=65493 Recovery proceedings of tax dues - preferential right - secured creditors - Income Tax Department’s preferential right to recovery of debts over other creditors is confined only to ordinary or unsecured creditors. It would not extend to secured creditors. - The lien in favour of the plaintiff makes the plaintiff a secured creditor and therefore, the right of the plaintiff would prevail over that of the Income Tax Department. - HC en-us Tue, 06 Sep 2022 16:52:23 +0530 Tue, 06 Sep 2022 16:52:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=65493 Recovery proceedings of tax dues - preferential right - secured creditors - Income Tax Department’s preferential right to recovery of debts over other creditors is confined only to ordinary or unsecured creditors. It would not extend to secured creditors. - The lien in favour of the plaintiff makes the plaintiff a secured creditor and therefore, the right of the plaintiff would prevail over that of the Income Tax Department. - HC Highlights Income Tax Tue, 06 Sep 2022 16:52:23 +0530 https://www.taxtmi.com/highlights?id=65493