https://www.taxtmi.com/caselaws?id=29432 A transfer of immovable property made during pending income-tax proceedings was treated as void against the Revenue under section 281 because it was not a bona fide transaction and appeared intended to defeat recovery of outstanding tax dues. The Court relied on the assessee's existing tax liabilities, the pendency of further assessment proceedings, joint liability relating to firm tax dues, and the fact that recovery efforts were underway while the assessee continued to enjoy the property. Separate assessment of gift-tax did not bar action under the Income-tax Act, and the property could be proceeded against for recovery of the demand. en-us Thu, 03 Apr 1980 00:00:00 +0530 Fri, 12 Mar 2010 17:25:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29432 A transfer of immovable property made during pending income-tax proceedings was treated as void against the Revenue under section 281 because it was not a bona fide transaction and appeared intended to defeat recovery of outstanding tax dues. The Court relied on the assessee's existing tax liabilities, the pendency of further assessment proceedings, joint liability relating to firm tax dues, and the fact that recovery efforts were underway while the assessee continued to enjoy the property. Separate assessment of gift-tax did not bar action under the Income-tax Act, and the property could be proceeded against for recovery of the demand. Case-Laws Income Tax Thu, 03 Apr 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29432