https://www.taxtmi.com/caselaws?id=428156 The court declined the petition to set aside the order quashing the Look Out Circular (LOC) against the respondent, emphasizing that the LOC was not justified as the respondent was cooperating with the investigation and the alleged offenses were non-cognizable and bailable. While acknowledging the economic interest of India, the court imposed conditions for the respondent's travel, including joining the investigation via video conferencing, appearing before the Trial Court, and depositing an FDR of Rs. 5 crores to ensure compliance. en-us Tue, 20 Sep 2022 00:00:00 +0530 Mon, 21 Nov 2022 12:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428156 The court declined the petition to set aside the order quashing the Look Out Circular (LOC) against the respondent, emphasizing that the LOC was not justified as the respondent was cooperating with the investigation and the alleged offenses were non-cognizable and bailable. While acknowledging the economic interest of India, the court imposed conditions for the respondent's travel, including joining the investigation via video conferencing, appearing before the Trial Court, and depositing an FDR of Rs. 5 crores to ensure compliance. Case-Laws Income Tax Tue, 20 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428156