https://www.taxtmi.com/caselaws?id=436797 A security bond furnished under the sales tax regime did not create a valid mortgage or charge where it was only a personal undertaking and did not comply in substance with the prescribed form for security over immovable property. A charge on immovable property is not enforceable against a transferee for consideration without notice unless the statute expressly permits such enforcement. On the facts, the purchaser had bought for value and there was no material showing actual or constructive notice, so the encumbrance entry could not be sustained against the property. en-us Wed, 19 Apr 2023 00:00:00 +0530 Fri, 21 Apr 2023 07:46:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436797 A security bond furnished under the sales tax regime did not create a valid mortgage or charge where it was only a personal undertaking and did not comply in substance with the prescribed form for security over immovable property. A charge on immovable property is not enforceable against a transferee for consideration without notice unless the statute expressly permits such enforcement. On the facts, the purchaser had bought for value and there was no material showing actual or constructive notice, so the encumbrance entry could not be sustained against the property. Case-Laws VAT and Sales Tax Wed, 19 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436797