| COURT: | Supreme Court |
| CORAM: | Kurian Joseph J, R.F. Nariman J, R.M. Lodha CJI |
| SECTION(S): | 226(3) |
| GENRE: | Domestic Tax |
| CATCH WORDS: | Stock Exchange Card, Tax Recovery |
| COUNSEL: | Arvind Datar |
| DATE: | September 25, 2014 (Date of pronouncement) |
| DATE: | October 4, 2014 (Date of publication) |
| AY: | 1989-90 |
| FILE: | Click here to view full post with file download link |
| CITATION: | |
| Income Tax Act does not provide for any paramountcy of dues by way of income tax. Government dues only have priority over unsecured debts | |
The first thing to be noticed is that the Income Tax Act does not provide for any paramountcy of dues by way of income tax. This is why the Court in Dena Bank’s case (supra) held that Government dues only …
The Stock Exchange, Bombay vs. V.S. Kandalgaonkar (Supreme Court) Read More »
Recent Comments