https://www.taxtmi.com/circulars?id=11190 Taxpayers must file a prescribed application at least thirty days before transferring assets or creating a charge; permission is granted where no demand or no likelihood of demand exists, where undisputed demand is paid with interest, or where disputed demand is stayed and indemnified by bank guarantee, sufficient assets, or by Department retaining first charge. Range head approval is required for transactions with asset value or charge amount of ten crores or more. Assessing Officers must adhere to specified ten- and fifteen-working-day timelines. Permission validity is 180 days or until service of an attachment order. en-us Tue, 19 Jul 2011 00:00:00 +0530 Fri, 22 Jul 2011 12:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11190 Taxpayers must file a prescribed application at least thirty days before transferring assets or creating a charge; permission is granted where no demand or no likelihood of demand exists, where undisputed demand is paid with interest, or where disputed demand is stayed and indemnified by bank guarantee, sufficient assets, or by Department retaining first charge. Range head approval is required for transactions with asset value or charge amount of ten crores or more. Assessing Officers must adhere to specified ten- and fifteen-working-day timelines. Permission validity is 180 days or until service of an attachment order. Circulars Income Tax Tue, 19 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11190