https://www.taxtmi.com/caselaws?id=18651 The High Court of PUNJAB AND HARYANA ruled on a case involving a petitioner who transferred assets to his wife, leading to a void declaration under Section 281 of the Income-tax Act. The court affirmed the petitioner's right to challenge the order despite the transfer, clarifying that the property still belonged to him for tax purposes. It interpreted Section 281 to limit voidability to tax liabilities determined during relevant proceedings, emphasizing that ownership does not revert indefinitely. The transfer was deemed void only against tax liabilities or sums payable by the petitioner, providing clarity on the legal implications of such transfers. en-us Mon, 20 Mar 1995 00:00:00 +0530 Sat, 31 Oct 2009 11:27:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18651 The High Court of PUNJAB AND HARYANA ruled on a case involving a petitioner who transferred assets to his wife, leading to a void declaration under Section 281 of the Income-tax Act. The court affirmed the petitioner's right to challenge the order despite the transfer, clarifying that the property still belonged to him for tax purposes. It interpreted Section 281 to limit voidability to tax liabilities determined during relevant proceedings, emphasizing that ownership does not revert indefinitely. The transfer was deemed void only against tax liabilities or sums payable by the petitioner, providing clarity on the legal implications of such transfers. Case-Laws Income Tax Mon, 20 Mar 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18651