https://www.taxtmi.com/caselaws?id=111168 The court dismissed the appeals, affirming the learned Single Judge's decision. It held that the companies were conducting business activities, supporting the exercise of powers under Section 237. The court found sufficient grounds for investigation based on the material presented, indicating potential fraudulent activities. It concluded that ongoing investigations by other authorities did not bar a separate investigation under Section 237, as the nature and scope of the inquiries were distinct. The appeals were rejected on both factual and legal grounds. en-us Mon, 02 May 2005 00:00:00 +0530 Fri, 20 Apr 2012 17:01:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111168 The court dismissed the appeals, affirming the learned Single Judge's decision. It held that the companies were conducting business activities, supporting the exercise of powers under Section 237. The court found sufficient grounds for investigation based on the material presented, indicating potential fraudulent activities. It concluded that ongoing investigations by other authorities did not bar a separate investigation under Section 237, as the nature and scope of the inquiries were distinct. The appeals were rejected on both factual and legal grounds. Case-Laws Companies Law Mon, 02 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111168