https://www.taxtmi.com/acts?id=52045 Transfers or charges of specified non stock assets by an assessee during pendency of, or after completion of, proceedings under the Act but before service of a Tax Recovery Officer's notice are void against claims for tax or other sums; modes include sale, mortgage, gift, exchange or other transfers. The rule excludes transactions made for adequate consideration without notice or those effected with prior permission of the Assessing Officer. The provision applies where the tax or sum payable and the value of assets exceed specified monetary thresholds and lists covered assets including land, buildings, machinery, shares, securities, bank fixed deposits and virtual digital assets. en-us Thu, 14 Aug 2025 18:47:25 +0530 Mon, 08 Sep 2025 17:00:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=52045 Transfers or charges of specified non stock assets by an assessee during pendency of, or after completion of, proceedings under the Act but before service of a Tax Recovery Officer's notice are void against claims for tax or other sums; modes include sale, mortgage, gift, exchange or other transfers. The rule excludes transactions made for adequate consideration without notice or those effected with prior permission of the Assessing Officer. The provision applies where the tax or sum payable and the value of assets exceed specified monetary thresholds and lists covered assets including land, buildings, machinery, shares, securities, bank fixed deposits and virtual digital assets. Act-Rules Income Tax Thu, 14 Aug 2025 18:47:25 +0530 https://www.taxtmi.com/acts?id=52045