https://www.taxtmi.com/caselaws?id=761213 Gujarat HC held that a bank's charge under SARFAESI Act (created 2011) takes priority over State's tax dues charge (created 2018) on disputed property. Following precedent in Partners of Siddheshwar Tax Fab case, the court ruled that State's charge for sales tax/VAT dues has no legal efficacy against SARFAESI provisions. Since the property was sold by the bank under SARFAESI Act and petitioners became absolute owners through sale certificate and deed, the State's subsequent charge cannot be sustained. The court quashed the impugned orders and allowed the petition. en-us Wed, 23 Oct 2024 00:00:00 +0530 Thu, 07 Nov 2024 08:47:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761213 Gujarat HC held that a bank's charge under SARFAESI Act (created 2011) takes priority over State's tax dues charge (created 2018) on disputed property. Following precedent in Partners of Siddheshwar Tax Fab case, the court ruled that State's charge for sales tax/VAT dues has no legal efficacy against SARFAESI provisions. Since the property was sold by the bank under SARFAESI Act and petitioners became absolute owners through sale certificate and deed, the State's subsequent charge cannot be sustained. The court quashed the impugned orders and allowed the petition. Case-Laws VAT / Sales Tax Wed, 23 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761213