Comparison of section 475 "Removal, concealment, transfer or delivery of property to prevent tax " between the Income-Tax Act, 2025 (as passed) and the Income-Tax Bill, 2025 (as originally introduced)

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....sposition or concealment of property intended to defeat tax recovery. The Bill text is the "Old Version"; the enacted section modifies the instrument reference-effective date or commencement is Not stated in the document. Background & Scope Statutory hooks: Income Tax Bill, 2025 (Clause 475-Old Version) and Income-tax Act, 2025 (Section 475-enacted). The provision is placed under the heading "OFFENCES AND PROSECUTION" in both texts. Coverage: persons who "fraudulently remove, conceal, transfer or deliver" any property or any interest therein with the specific intent to prevent that property or interest from being taken in execution of a certificate. Definitions or expanded explanations of terms such as "fraudulently", "certificate as pres....

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....ative choice to anchor the offence to an express statutory instrument, reducing reliance on delegated prescription. Beyond this, legislative purpose and broader intent are Not stated in the document. Exceptions/Provisos No exceptions, provisos, thresholds, or de minimis carve-outs are included in the clause as presented. Matters such as bona fide transfers for value, privileged dispositions, insolvency processes, or transactions under court direction are Not stated in the document. Illustrations * Example 1: A taxpayer, upon receiving notice of a recovery certificate, fraudulently transfers legal title of immovable property to a relative without consideration, intending that the property not be available for execution. Under the provis....

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....". Document 2 (Clause 475, Income Tax Bill, 2025): refers to "a certificate as prescribed." Practical impact: The enacted provision in Document 1 ties the offence to a specific statutory source (section 413), which narrows and clarifies the precise execution instrument whose execution the offender intends to frustrate. The Bill's earlier wording "as prescribed" is broader and potentially delegates definitional detail to subordinate legislation; replacing that phrase with a direct reference to section 413 reduces delegation and uncertainty about the qualifying certificate. * Paraphrase and otherwise identical elements: Both texts use materially identical core language regarding the actus reus ("removes, conceals, transfers or deliver....