https://www.taxtmi.com/caselaws?id=297555 The High Court of Delhi resolved a case involving the disposition of funds in foreign accounts by directing the repatriation of the funds to India under due procedure. The funds, subject to dispute between the petitioner and the Income Tax Department, were to be placed in a fixed deposit with a nationalized bank in the Court's name. The Court overturned the Special Judge's order, tasking the Special Judge with repatriating funds from specific UK accounts to the State Bank of India in Delhi for allocation among the petitioner, CBI, and Income Tax Department, emphasizing the need for a prompt resolution. en-us Mon, 06 Aug 2012 00:00:00 +0530 Fri, 10 Sep 2021 10:40:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297555 The High Court of Delhi resolved a case involving the disposition of funds in foreign accounts by directing the repatriation of the funds to India under due procedure. The funds, subject to dispute between the petitioner and the Income Tax Department, were to be placed in a fixed deposit with a nationalized bank in the Court's name. The Court overturned the Special Judge's order, tasking the Special Judge with repatriating funds from specific UK accounts to the State Bank of India in Delhi for allocation among the petitioner, CBI, and Income Tax Department, emphasizing the need for a prompt resolution. Case-Laws Income Tax Mon, 06 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297555