https://www.taxtmi.com/caselaws?id=392349 The court ordered the withdrawal of the Look Out Circular (LOC) against the petitioner, a chartered accountant working in Dubai, due to lack of justification to keep it active. The petitioner cooperated with the investigation into alleged tax evasion by arranging entities to raise bogus invoices for Punj Lloyd Limited. The court found that the petitioner, an Indian citizen with no intention of fleeing, had cooperated fully and did not match the severity of the cited case precedent. The court imposed conditions on the petitioner for recall of the LOC, emphasizing cooperation with the investigation and providing travel details if leaving Dubai. en-us Wed, 12 Feb 2020 00:00:00 +0530 Fri, 18 Sep 2020 12:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392349 The court ordered the withdrawal of the Look Out Circular (LOC) against the petitioner, a chartered accountant working in Dubai, due to lack of justification to keep it active. The petitioner cooperated with the investigation into alleged tax evasion by arranging entities to raise bogus invoices for Punj Lloyd Limited. The court found that the petitioner, an Indian citizen with no intention of fleeing, had cooperated fully and did not match the severity of the cited case precedent. The court imposed conditions on the petitioner for recall of the LOC, emphasizing cooperation with the investigation and providing travel details if leaving Dubai. Case-Laws Income Tax Wed, 12 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392349