https://www.taxtmi.com/caselaws?id=70094 A transfer made before attachment was not void merely because a default notice had been issued or transfer restrictions existed. The revenue's attachment rule did not automatically invalidate the alienation; it only permitted avoidance where lawfully invoked. As the department had not taken steps under the applicable avoidance provision, and the income from the properties had been treated in the transferees' hands, the transfer had to be recognised for assessment purposes. The income from the three properties could not be brought back into the assessee's taxable income, and the matter was remitted for fresh assessment in accordance with law. en-us Wed, 18 Nov 1987 00:00:00 +0530 Thu, 14 Apr 2011 12:44:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70094 A transfer made before attachment was not void merely because a default notice had been issued or transfer restrictions existed. The revenue's attachment rule did not automatically invalidate the alienation; it only permitted avoidance where lawfully invoked. As the department had not taken steps under the applicable avoidance provision, and the income from the properties had been treated in the transferees' hands, the transfer had to be recognised for assessment purposes. The income from the three properties could not be brought back into the assessee's taxable income, and the matter was remitted for fresh assessment in accordance with law. Case-Laws Income Tax Wed, 18 Nov 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70094