Section 475 — Removal, concealment, transfer or delivery of property to prevent tax recovery
Old Act equivalent: Section 276 of IT Act 1961 Sub-part: B—Offences and Prosecution
Statutory Text
- Whoever, fraudulently removes, conceals, transfers or delivers to any person, any property or any interest therein, with the intent to prevent such property or interest therein from being taken in execution of a certificate drawn under section 413, shall be punishable with [simple imprisonment for a term up to two years and with fine]. Failure to pay tax to credit of Central Government under Chapter XIX-B.
Provisos
None.
Explanations
None.
Tables
None.
Key Structure
- Applies to: Person who fraudulently removes, conceals, transfers or delivers property to prevent tax recovery.
- Conditions: Fraudulent removal, concealment, transfer or delivery of property to prevent tax recovery.
- Time limits: None.
- Monetary limits: Rigorous imprisonment up to 2 years and fine.
- Exceptions: None.
Cross-References
- Section 413
Amendment Notes
None noted from the extracted pages.