K.—Persons trying to alienate their assets
Assessment
of persons likely to transfer property to avoid tax.
175. Notwithstanding anything contained in section 4,
if it appears to the 91[Assessing] Officer during any current assessment year that any person
is likely to charge, sell, transfer, dispose of or otherwise part with any of
his assets with a view to avoiding payment of any liability under the
provisions of this Act, the total income of such person for the period from the
expiry of the previous year for that assessment year to the date when the 91[Assessing] Officer commences proceedings
under this section shall be chargeable to tax in that assessment year, and the
provisions of sub-sections (2), (3), (4), (5) and (6) of section 174 shall, so far as may be, apply to any
proceedings in the case of any such person as they apply in the case of persons
leaving India.
