Demands_And_Recovery
Section 74 : Payment of tax and other amount in installments – Demands And Recovery
June 10, 2017
Demands_And_Recovery
Section 76 : Tax to be first charge on property – Demands And Recovery
June 10, 2017

Section 75 : Transfer of property to be void in certain cases – Demands And Recovery

Demands_And_Recovery

Transfer of property to be void in certain cases – Demands And Recovery

Where a person, after any amount has become due from him, creates a charge on or parts with the property belonging to him or in his possession by way of sale, mortgage, exchange, or any other mode of transfer whatsoever of any of his properties in favour of any other person with the intention of defrauding the Government revenue, such charge or transfer shall be void as against any claim in respect of any tax or any other sum payable by the said person:
PROVIDED that, such charge or transfer shall not be void if it is made for adequate consideration and without notice of the pendency of such proceeding under this Act or, as the case may be, without notice of such tax or other sum payable by the said person, or with the previous permission of the proper officer.

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