Friday, April 24, 2020

Bank have Priority over Tax Dues: Hyderabad HC allows SBI to claim Income Tax Refund credited to Defaulters [Read Judgment]

The High Court of Hyderabad upheld the claim of the State Bank of India (SBI) over the income tax refund credited in the defaulters’ bank account with them and held that bank credits have priority over the government dues including the service tax dues as per section 31-B of the Recovery of Debts and Bankruptcy […]

from Taxscan | Simplifying Tax Laws https://ift.tt/2VBPxit

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