Section 76 : Tax to be first charge on property – Demands And Recovery
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Tax to be first charge on property – Demands And Recovery
Notwithstanding anything to the contrary contained in any law for the time being in force, any amount payable by a taxable person or any other person on account of tax, interest or penalty which he is liable to pay to the Central or a State Government shall be a first charge on the property of such taxable person, or as the case may be, such person.
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