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of <h1>Section 81 nullifies property transfers to avoid taxes; valid if made for fair value or with approval.</h1> The provision under Section 81 aims to protect government revenue by declaring certain property transfers void if tax is due. It prevents taxable individuals from defrauding the revenue by transferring properties after tax liabilities arise. Transfers creating a charge on property through sale, mortgage, exchange, or other means are void if made after tax is due. However, transfers are valid if made for adequate consideration without knowledge of pending proceedings or tax liabilities, or with prior permission from the proper authority.
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