Court Rules Prohibitory Order on Bank Accounts Invalid u/s 132(3) Due to Lack of Evidence of Undisclosed Income.

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....Prohibitory order under 132(3) - prohibitory order under section 132(3) of the Act issued in respect of bank accounts without forming any belief or without any material on record to conclude that the amount deposited in such bank accounts is either wholly or partly undisclosed income of the petitioner is not sustainable in law..... - HC....