Attachment orders - Mortgagee right of recovery vs Income tax ...

Court Rules Bank's Mortgage Recovery Takes Precedence Over Tax Department in Dispute u/s 281(1) of Income Tax Act.

March 14, 2019

Case Laws Income Tax HC

Attachment orders - Mortgagee right of recovery vs Income tax dept. right of recovery - in the light of the fact that the mortgage was created by the assessee much before a demand was made under Rule 2 and even before an order of assessment was passed and in the light of the fact that before the stage of issue of a certificate of recovery, the voidity u/s 281 (1) is not automatic, the petitioner-bank deserves to succeed.

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Attachment orders - Mortgagee right of recovery vs Income tax ...

Court Rules Bank's Mortgage Recovery Takes Precedence Over Tax Department in Dispute u/s 281(1) of Income Tax Act.

March 14, 2019

Case Laws Income Tax HC

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