https://www.taxtmi.com/caselaws?id=342995 A party directed to make full asset disclosure commits contempt by omitting material particulars, including overseas accounts and unexplained receipt and use of funds, because the duty covers all movable and immovable assets held directly or indirectly. Breach of broad restraint orders also amounts to contempt where later-acquired property or funds are transferred into trusts or otherwise placed beyond recovery. A recall application against a contempt notice will not be allowed absent a sufficient basis, and the respondent remains bound to appear personally for further contempt proceedings. en-us Tue, 09 May 2017 00:00:00 +0530 Tue, 12 Jul 2022 15:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342995 A party directed to make full asset disclosure commits contempt by omitting material particulars, including overseas accounts and unexplained receipt and use of funds, because the duty covers all movable and immovable assets held directly or indirectly. Breach of broad restraint orders also amounts to contempt where later-acquired property or funds are transferred into trusts or otherwise placed beyond recovery. A recall application against a contempt notice will not be allowed absent a sufficient basis, and the respondent remains bound to appear personally for further contempt proceedings. Case-Laws Indian Laws Tue, 09 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342995