https://www.taxtmi.com/highlights?id=75415 Valuable right of recovery of petitioner as secured creditor - Tax recovery proceedings - priority to secured creditors - equitable mortgage created by the bank - The High Court noted the absence of a clear finding on the date of initiation of proceedings and creation of the mortgage in the impugned order. - Emphasizes the importance of substantive evidence to declare the mortgage void. - Sets aside and quashes the impugned order due to vagueness and lack of conclusive findings. en-us Tue, 05 Mar 2024 15:43:12 +0530 Tue, 05 Mar 2024 15:43:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=75415 Valuable right of recovery of petitioner as secured creditor - Tax recovery proceedings - priority to secured creditors - equitable mortgage created by the bank - The High Court noted the absence of a clear finding on the date of initiation of proceedings and creation of the mortgage in the impugned order. - Emphasizes the importance of substantive evidence to declare the mortgage void. - Sets aside and quashes the impugned order due to vagueness and lack of conclusive findings. Highlights Income Tax Tue, 05 Mar 2024 15:43:12 +0530 https://www.taxtmi.com/highlights?id=75415