https://www.taxtmi.com/caselaws?id=362363 The court upheld the orders of the Assistant Commissioner of Income Tax and the Tax Recovery Officer, dismissing the writ petition. It emphasized that the statutory declaration under Section 281 does not necessitate a judicial declaration, and the petitioner, having knowledge of the tax arrears, could not seek protection under the proviso to Section 281(1). The court highlighted the shift in burden of proof to the transferee to demonstrate that the transfer qualifies for exceptions, eliminating the Revenue's obligation to file a suit to declare the transfer void. en-us Wed, 02 May 2018 00:00:00 +0530 Fri, 22 Jun 2018 22:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362363 The court upheld the orders of the Assistant Commissioner of Income Tax and the Tax Recovery Officer, dismissing the writ petition. It emphasized that the statutory declaration under Section 281 does not necessitate a judicial declaration, and the petitioner, having knowledge of the tax arrears, could not seek protection under the proviso to Section 281(1). The court highlighted the shift in burden of proof to the transferee to demonstrate that the transfer qualifies for exceptions, eliminating the Revenue's obligation to file a suit to declare the transfer void. Case-Laws Income Tax Wed, 02 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362363