Income Tax Ordinance, 2001 — Section 197: Prosecution for disposal of property to prevent attachment

197. Prosecution for disposal of property to prevent attachment. — Where the owner of any property, or a person acting on the owner’s behalf or claiming under the owner, sells, mortgages, charges, leases or otherwise deals with the property after the receipt of a notice from the Commissioner with a view to preventing the Commissioner from attaching it, shall commit an offence punishable on conviction with a fine 6[upto hundred thousand rupees] or imprisonment for a term not exceeding three years, or both. 1 Substituted “Sub-section (3) of section 187” by the Finance Act, 2015. 2 The words “a taxation officer” substituted by the Finance Act, 2002. 3 New sub-sections (195A) & (195B) inserted through Finance Act, 2019. 4 The words “a taxation officer” substituted by the Finance Act, 2002. 5 The words “a taxation officer” substituted by the Finance Act, 2002. 6 Inserted by the Finance Act, 2009. 402 Chapter X – Procedure