Transfer of property to defraud revenue void against tax claims, subject to exceptions for adequate consideration or official permission. Transfer of property after an amount becomes due is void against tax or other sum claims if made with intent to defraud Government revenue; however, transfers remain valid if made for adequate consideration, without notice of proceedings or of the tax or sum payable, or with prior permission of the proper officer.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Transfer of property to defraud revenue void against tax claims, subject to exceptions for adequate consideration or official permission.
Transfer of property after an amount becomes due is void against tax or other sum claims if made with intent to defraud Government revenue; however, transfers remain valid if made for adequate consideration, without notice of proceedings or of the tax or sum payable, or with prior permission of the proper officer.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.