Transfer of property void against revenue claims when made to defraud, except for bona fide transfers without notice. Where a person liable for tax or other sums transfers or charges property with intent to defraud Government revenue, that charge or transfer is void as against claims for tax or other sums; exceptions apply where the transfer is for adequate consideration, in good faith and without notice of proceedings or of the tax or sum payable, or where prior permission of the proper officer has been obtained.
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 void against revenue claims when made to defraud, except for bona fide transfers without notice.
Where a person liable for tax or other sums transfers or charges property with intent to defraud Government revenue, that charge or transfer is void as against claims for tax or other sums; exceptions apply where the transfer is for adequate consideration, in good faith and without notice of proceedings or of the tax or sum payable, or where prior permission of the proper officer has been obtained.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
