https://www.taxtmi.com/caselaws?id=24411 The court ruled in favor of the petitioners on all issues. It quashed the prohibitory orders issued under section 132(3) of the Income-tax Act, 1961, allowing the petitioners to operate their bank accounts freely. The court upheld the validity of the assessment of income declared under the Amnesty Scheme, emphasizing that the declared income should not be subject to further scrutiny regarding its source. Additionally, the court clarified that income-tax officials cannot inquire into the source of income declared under the Amnesty Scheme if it is deposited in the declarant's own bank account. en-us Fri, 06 Jan 1989 00:00:00 +0530 Tue, 19 Jan 2010 17:28:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24411 The court ruled in favor of the petitioners on all issues. It quashed the prohibitory orders issued under section 132(3) of the Income-tax Act, 1961, allowing the petitioners to operate their bank accounts freely. The court upheld the validity of the assessment of income declared under the Amnesty Scheme, emphasizing that the declared income should not be subject to further scrutiny regarding its source. Additionally, the court clarified that income-tax officials cannot inquire into the source of income declared under the Amnesty Scheme if it is deposited in the declarant's own bank account. Case-Laws Income Tax Fri, 06 Jan 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24411