TaxTMI 
TaxTMI 
2023 (4) TMI 1311
X X X X Extracts X X X X
X X X X Extracts X X X X
....ugh hybrid mode. CM APPL. 13018/2023 (for permission to travel abroad) 2. The present application has been filed by the Petitioner seeking permission to travel for two business meetings and for meeting his daughter in the USA. The itinerary for the travel is set out below:- Date Place of Visit Purpose of Visit 13.04.2023 to 17.04.2023 Lisbon, Portugal For attending Annual Chapter Retreat, YPO 17.04.2023 to 18.04.2023 Los Angeles & San Francisco in California, USA Meeting with Mr Himmat Dhaliwal from Liquagen Water Technology 19.04.2023 to 27.04.2023 New York, USA Meeting with daughter 3. The case of the Petitioner is that he has business meetings which have been fixed in Lisbon, Portugal and in C....
X X X X Extracts X X X X
X X X X Extracts X X X X
....UAE, Mauritius and Switzerland. The replies for the same are still awaited by the Respondents. Further, the Income Tax Department has also learnt of various foreign bank accounts which are controlled by the Petitioner. Thus, his travel in terms of the above itinerary, especially to the USA, could jeopardize the investigation. 6. Heard. The Petitioner has been given permission to travel abroad by this Court on three occasions, vide previous orders dated 20th April, 2022, 24th August, 2022 and 14th December, 2022 as modified vide order dated 20th December, 2022. 7. The Court has also been informed of the Writ Petition (Crl.) 5/2020 titled 'R.D. Puri v. Union of India' wherein vide order dated 13th January, 2020 passed by the Supreme Cou....
X X X X Extracts X X X X
X X X X Extracts X X X X
....otice dated 7th December, 2021. Petitioner also seeks to challenge the first proviso to Section 3(1) and Section 72(c) of the Black Money Act as being arbitrary, unreasonable & violative of the Petitioner's rights under Articles 14, 19 & 20 of the Constitution of India. Learned counsel for the Petitioner states that impugned assessment order which has been passed under the provision of Black Money Act is flawed. He states that the present petition raises issues concerning wrongful assumption of jurisdiction by the Assessing Officer under the Black Money Act and the violation of the principles of natural justice. He points out that in a number of similar matters, being W.P.(C) Nos. 1503, 1692,1693, 5012, 5007, ....
X X X X Extracts X X X X
X X X X Extracts X X X X
..... Learned Counsel appearing for Income Tax Department prays for and is granted two weeks' time to seek instructions in the matter. 5. List on 27.04.2023." 9. In the proceedings against notices dated 29th and 30th September 2021 passed under Section 153C of the Income Tax Act, 1961, vide order dated 29th March, the following order has been passed by the ld. Division Bench:- "2. We have heard the matter briefly. 3. Mr Zoheb Hossain, senior standing counsel, who appears on behalf of the respondents/revenue, says that he will need to obtain instructions in the matter. 4. Accordingly, list the matter on 04.05.2023. 5. In order not to put the respondents/revenue in a legal logjam concerning the expi....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ure-A1. 10. Since Mr. Puri is undertaking the aforesaid travels at the instance, request and on behalf of the Company and the HP Group and to further the business interests and prospects of the Company and the HP Group, the Company deems it fit to make the following undertaking on his behalf in the following terms, in lieu of the aforesaid undertaking on his behalf qua his shareholding in different companies as recorded in the aforesaid orders dated 14 December 2022 and 20 December 20222 passed by this Hon'ble Court: (i) the Company undertakes not to alienate or dispose of or create any third-party rights in relation to any of its assets (except in the usual course of business), including its shareholding in HPPL durin....
X X X X Extracts X X X X
X X X X Extracts X X X X
....he Petitioner to travel abroad in terms of the itinerary recorded above, subject to the following conditions:- i) The Petitioner shall travel abroad from 11th April, 2023 to 27th April, 2023 to Lisbon, Portugal as also California, USA and New York, USA in terms of the itinerary recordded above for the purposes as stated in the said itinerary. ii) The undertakings given on behalf of the two companies are accepted, and it is directed that status quo shall be maintained in respect of all the moveable/immovable properties of the said companies including, with respect to the title and possession. iii) The Petitioner shall furnish the copies of the documents relating to any immovable properties, valued at more than Rs.5....