Clause 232 - Removal, concealment, transfer or delivery of property to thwart tax recovery - Direct Taxes Code Bill, 2009

Removal, concealment, transfer or delivery of property to thwart tax recovery 232. (1) If a person fraudulently removes, conceals, transfers or delivers to any person, any property or any interest therein, intending thereby to prevent that property or interest therein from being taken in execution of a certificate under the provisions of the Fifth Schedule, he shall be punishable with rigorous imprisonment for a term which shall not be less than six months, but which may extend to two years, and with fine. (2) The fine referred to in sub-section (1), shall not be less than fifty thousand rupees or more than five lakh rupees.