https://www.taxtmi.com/caselaws?id=472306 Statutory priority for a registered secured interest gives a prior mortgagee first charge over later income-tax attachments; those attachments cannot displace the secured debt. Registration law does not empower a Sub-Registrar to delete attachment entries already shown in encumbrance records. Priority should instead be implemented through a contra entry identifying the secured creditor's precedence, while preserving the attachment record and allowing any surplus sale proceeds, after satisfaction of the secured debt, to be applied towards the attachment. en-us Tue, 24 Jun 2025 00:00:00 +0530 Wed, 07 Oct 2026 13:42:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472306 Statutory priority for a registered secured interest gives a prior mortgagee first charge over later income-tax attachments; those attachments cannot displace the secured debt. Registration law does not empower a Sub-Registrar to delete attachment entries already shown in encumbrance records. Priority should instead be implemented through a contra entry identifying the secured creditor's precedence, while preserving the attachment record and allowing any surplus sale proceeds, after satisfaction of the secured debt, to be applied towards the attachment. Case-Laws Income Tax Tue, 24 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472306