Human-probability test defeats political donation deductions where banking records mask accommodation-entry fund layering rather than genuine contribu...
Income-tax proceedings do not automatically authorise withholding an assessee's bank accounts. A bank acting solely on an intimation from the Income-tax Department must demonstrate that due process was followed and that a statutory provision or rule authorised the restraint. Where no such proceedings or legal authority were shown, the communication withholding the accounts was set aside and the accounts were directed to be restored as operational. The merits of the underlying income-tax proceedings remained open.
Income-tax proceedings do not automatically authorise withholding an assessee's bank accounts. A bank acting solely on an intimation from the Income-tax Department must demonstrate that due process was followed and that a statutory provision or rule authorised the restraint. Where no such proceedings or legal authority were shown, the communication withholding the accounts was set aside and the accounts were directed to be restored as operational. The merits of the underlying income-tax proceedings remained open.
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