Section 81. Transfer of property to be void in certain
cases.-
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, in good faith and without notice
of the 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.
