https://www.taxtmi.com/acts?id=3477 Section 281 voids dispositions of specified assets made during pendency of tax proceedings, or after completion but before service of notice under rule 2 of the Second Schedule, insofar as they affect recovery of tax or other sums payable; exceptions apply where transfers are for adequate consideration without notice of the proceeding or tax claim, or where they are made with prior permission of the Assessing Officer, and the provision operates subject to monetary thresholds and a restricted definition of assets excluding stock in trade. en-us Sat, 19 Jan 2008 22:45:54 +0530 Tue, 12 Aug 2025 12:20:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3477 Section 281 voids dispositions of specified assets made during pendency of tax proceedings, or after completion but before service of notice under rule 2 of the Second Schedule, insofar as they affect recovery of tax or other sums payable; exceptions apply where transfers are for adequate consideration without notice of the proceeding or tax claim, or where they are made with prior permission of the Assessing Officer, and the provision operates subject to monetary thresholds and a restricted definition of assets excluding stock in trade. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3477