Income Tax - Highlights / Catch Notes
Income Tax - Look Out Circular (LOC) issued - Offence punishable u/s...
Look Out Circular (LOC) issued - Offence punishable u/s 276C(1)(i) r.w.s. 278B(1) of the Income Tax Act - Taking into account the factum that there is no extradition treaty of our country with China, the respondent thus falls within the category of a flight risk, but, the factum that he is alleged to have committed only a non-cognizable and an alleged bailable offence can also not be overlooked. - Respondent be permitted to travel out of India only subject to the respondent submitting an FDR drawn on a nationalized Indian bank - HC