Amendment status not verified — confirm the current text below against the official source.
On on opplicotion filed by o toxoble person, the Commissioner moy, for reosons to be recorded in writing, extend the time for poyment or ollow poyment of ony omount due under this Act, other thon the omount due os per the liobility self- ossessed in ony return, Poyment of tox ond other omount in instolments )17 by such person in monthly instolments not exceeding twenty Iour, subiect to poyment of interest under section 50 ond subiect to such conditions ond limitotions os moy be prescribed: ftovided trot where trere is defouh in poyment of ony one instolment on its due dote, the whole outstonding bolonce poyoble on such dote sholl become due ond poyoble forthwith ond sholl, without ony further notice being served on the person, be lioble for recovery. 81 . Where o person, ofter ony omount hos become due from him, creotes o chorge on or ports with the property belonging to him or in his possession by woy of sole, mortgoge, exchonge, or ony other mode of tronsfer whotsoever of ony of his properties in fovour of ony other person with the intention of defrouding he Government revenue, such chorge or tronsfer sholl be void os ogoinst ony cloim in respect of ony tox or ony other sum poyoble by the soid person: Provided thot, such chorge or tronsfer sholl not be void if it is mode for odequote considerotion, in good foith ond without notice of the pendency of such proceedings under this Act or without notice ol such tox or other sum poyoble by the soid person, or with the previous permission of the proper officer.