https://www.taxtmi.com/acts?id=6426 Transfers or charges on specified assets made by an assessee during pendency of assessment proceedings, or after completion but before service of the prescribed notice, are void against claims for tax or other sums unless made for adequate consideration without notice of the proceeding or tax claim, or made with the prior permission of the Assessing Officer; the provision applies where the tax claim and the assets exceed statutory thresholds, and defines "assets" to include land, buildings, machinery, plant, shares, securities and bank fixed deposits excluding stock-in-trade. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 13 Sep 2012 14:33:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=6426 Transfers or charges on specified assets made by an assessee during pendency of assessment proceedings, or after completion but before service of the prescribed notice, are void against claims for tax or other sums unless made for adequate consideration without notice of the proceeding or tax claim, or made with the prior permission of the Assessing Officer; the provision applies where the tax claim and the assets exceed statutory thresholds, and defines "assets" to include land, buildings, machinery, plant, shares, securities and bank fixed deposits excluding stock-in-trade. Act-Rules Wealth-tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=6426