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Income Tax - Highlights / Catch Notes

Home Highlights February 2012 Year 2012 This

Prohibitory order under 132(3) - prohibitory order under section ...


Court Rules Prohibitory Order on Bank Accounts Invalid u/s 132(3) Due to Lack of Evidence of Undisclosed Income.

February 14, 2012

Case Laws     Income Tax     HC

Prohibitory order under 132(3) - prohibitory order under section 132(3) of the Act issued in respect of bank accounts without forming any belief or without any material on record to conclude that the amount deposited in such bank accounts is either wholly or partly undisclosed income of the petitioner is not sustainable in law..... - HC

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