Voidability of property transfers prevents transfers made to defeat tax claims unless in good faith for adequate consideration. Transfers or charges on a taxpayer's property effected to defraud government revenue are void as against claims for tax or other sums; however, transfers are not void if made for adequate consideration, in good faith and without notice of recovery proceedings or tax liability, 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.
Voidability of property transfers prevents transfers made to defeat tax claims unless in good faith for adequate consideration.
Transfers or charges on a taxpayer's property effected to defraud government revenue are void as against claims for tax or other sums; however, transfers are not void if made for adequate consideration, in good faith and without notice of recovery proceedings or tax liability, 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.
TaxTMI 
of 
Join Channel
TaxTMI 
