https://www.taxtmi.com/caselaws?id=443701 The Court modified the Look-Out Circular (LOC) against the Petitioner to an intimation, permitting travel abroad under strict conditions. These conditions include providing property as security, submitting travel itineraries, and ensuring cooperation with ongoing investigations. The decision aimed to balance the Petitioner's fundamental right to travel under Article 21 of the Constitution with the need to protect the economic interests of the country and ensure compliance with the Black Money Act, 2015. The Court found the LOC unnecessary for protecting economic interests, given the Petitioner's ties to India and willingness to comply. en-us Tue, 26 Sep 2023 00:00:00 +0530 Mon, 05 Feb 2024 11:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443701 The Court modified the Look-Out Circular (LOC) against the Petitioner to an intimation, permitting travel abroad under strict conditions. These conditions include providing property as security, submitting travel itineraries, and ensuring cooperation with ongoing investigations. The decision aimed to balance the Petitioner's fundamental right to travel under Article 21 of the Constitution with the need to protect the economic interests of the country and ensure compliance with the Black Money Act, 2015. The Court found the LOC unnecessary for protecting economic interests, given the Petitioner's ties to India and willingness to comply. Case-Laws Income Tax Tue, 26 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443701