SC : Admits SLP; HC expansively interpreted Sec 132 allowing bank attachment representing third-party income

May 22,2018

SC admits assessee’s SLP against Delhi HC judgment directing attachment of assessee’s bank accounts pursuant to search carried on in respect of the ‘third person’;Based on the facts,HC had observed that prima facie there is a strong case made by the Department that the money in assessee’s bank accounts is an undisclosed income of the 'third person' in respect of whom 'search' was carried out; Expansively interpreting Sec 132(1), HC had ...


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