TaxTMI 
TaxTMI 
2022 (7) TMI 1394
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....r. Aman Sheikh, Mr. Sheezan Hashmi, Mr. AkshatKumar, Mr. Aditya Raju, Mr.Vishwajeet Singh Bhati, Ms. Rudrali Patil, Mr. Zain Pandit, Mr. Kshtiz Gupta and Sana Singh, Advs For the Respondent : Mr. Zoheb Hossain with Mr. Vivek Gurnani, Advs. with Mr. Amit Kumar, Mr. Tarun Bhardwaj and Mr. Sudeepto Sur, Officers of ED. ORDER Pursuant to the last order passed, the Enforcement Directorate in term....
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.... to Section 17(1A) of the Prevention of Money-Laundering Act, 2002. Let the Enforcement Directorate proceed in this regard accordingly. Notice. Since the respondent is duly represented by learned counsel, let a counter affidavit be filed within a period of one week. The petitioner may file its response thereto within a period of 48 hours of service. The Court takes note of the submission of Mr. ....
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....India & Ors. [1992 (22) DRJ 1]. It was further pointed out that the decision in Motilal also stands affirmed by the Supreme Court in Commissioner of Income Tax vs. Tarsen Kumar [161 ITR 505]. Mr. Hossain, on the other hand, would submit that the ambit and scope of Section 132 of the Income-tax Act, 1961 is clearly distinct and different from the powers which are exercised by the Enforcement Direc....
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....s, it was submitted that the petitioner are ready and willing to furnish a bank guarantee to the extent of Rs. 950 crores without prejudice to their rights and contentions in the writ petition. The statement so made is recorded and accepted. The Court notes that the bank guarantee which is proffered together with the amount which stands to the credit of the freezed accounts would safeguard the in....