The petitioner challenged the summoning order and sought quashing of the complaint u/ss 50 and 51 of the...

The petitioner challenged the summoning order and sought quashing of the complaint u/ss 50 and 51 of the Black Money Act, 2015, alleging undisclosed foreign assets. The petitioner argued that the complaint couldn't be filed before completing the assessment. The complainant/Income-Tax Department contended that the petitioner claimed association with foreign assets only in the past as a trustee, resigning from all fiduciary positions before April 2015. However, during a search on the petitioner's Chartered Accountant, it was discovered that the petitioner attempted to fabricate and backdate documents showing foreign assets held in a fiduciary capacity as trustee of Alrahma Trust, UAE, purportedly settled in 2006, and transferring trusteeship ..... .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X