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<h1>Transfer of property to defeat government revenue void unless made for adequate consideration, in good faith, or with permission.</h1> Where a person, after any amount has become due from him, creates a charge on or parts with property by sale, mortgage, exchange or any other mode of transfer with the intention of defrauding Government revenue, such charge or transfer shall be void as against any claim in respect of any tax or other sum payable by that person; provided that it shall not be void if made for adequate consideration, in good faith and without notice of pendency of proceedings or of such tax or other sum, or with previous permission of the proper officer.