https://www.taxtmi.com/caselaws?id=16622 Section 281 of the Income-tax Act operates by force of law when a transfer is made during pending proceedings or before the prescribed recovery notice, and it does not render the transfer void ab initio. The transfer is void only against the Revenue to the extent of the tax liability. A separate adjudicatory order under section 281 is not a statutory precondition for the Revenue to proceed against the property, though such an order may evidence the department's view that the asset remains available for recovery. Disputes over the transfer and competing claims may be raised before the Tax Recovery Officer under the Second Schedule. en-us Mon, 22 Jun 1998 00:00:00 +0530 Wed, 09 Sep 2009 10:33:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16622 Section 281 of the Income-tax Act operates by force of law when a transfer is made during pending proceedings or before the prescribed recovery notice, and it does not render the transfer void ab initio. The transfer is void only against the Revenue to the extent of the tax liability. A separate adjudicatory order under section 281 is not a statutory precondition for the Revenue to proceed against the property, though such an order may evidence the department's view that the asset remains available for recovery. Disputes over the transfer and competing claims may be raised before the Tax Recovery Officer under the Second Schedule. Case-Laws Income Tax Mon, 22 Jun 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16622