Assessment of likely asset transfers: income from year start may be taxed until proceedings commence to prevent tax avoidance. Section 319 authorises the Assessing Officer to treat a person's total income as chargeable to tax from the first day of the current tax year until proceedings commence where the person appears likely to part with assets to avoid tax; procedural provisions corresponding to section 317(2)-(6) are applied to such proceedings so far as practicable.
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.
Assessment of likely asset transfers: income from year start may be taxed until proceedings commence to prevent tax avoidance.
Section 319 authorises the Assessing Officer to treat a person's total income as chargeable to tax from the first day of the current tax year until proceedings commence where the person appears likely to part with assets to avoid tax; procedural provisions corresponding to section 317(2)-(6) are applied to such proceedings so far as practicable.
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