Amendment status not verified — confirm the current text below against the official source.
Where a person, after any amount has become due from him, creates a charge on or parts with the property Transfer of belonging to him or in his possession by way of sale, property to be mortgage, exchange, or any other mode of transfer void in whatsoever of any of his properties in favour of any certair. cases. 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, said charge or transfer shall not be void if it is made for adequate consideration, in good faith and without notice of the 471 pendency of such proceedings under this Act or without notice of such tax or other sum payable by the said person, or with the previous permission of the proper officer.