The case Dy. Commissioner of Income Tax vs. State Bank of India & Ors. arose from the Harshad Mehta securities scam. The Special Court attached Mehta's assets, and the Income ... Tax Department claimed priority for tax dues. SBI and other banks, with decrees against Mehta, challenged the department's claim. This led to the case, where the courts determined the priority of claims and the validity of the Income Tax Department's assessment.