Section 276 - Removal, concealment, transfer or delivery of property to thwart tax recovery - Income-tax Act, 1961

1 [Removal, concealment, transfer or delivery of property to thwart tax recovery. 276. Whoever 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 Second Schedule shall be punishable with rigorous imprisonment for a term which may extend to two years and shall also be liable to fine.] ---------------------- Notes :- 1. Inserted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989. Original section, dealing with failure to make payment or deliver return, etc., as amended by the Finance Act, 1968, w.e.f. 1-4-1968 and the Taxation Laws (Amendment) Act, 1970, w.e.f. 1-4-1971, was omitted by the Taxation Laws (Amendment) Act, 1975, w.e.f. 1-4-1976.