2024 (10) TMI 97

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....or Standing Counsel with Mr. Ashvini Kumar, Standing Counsel and Mr. Rishabh Nangia, Standing Counsel for Income Tax Department JUDGMENT (oral) 1. Petitioner has invoked supervisory jurisdiction of this Court under Article 227 of the Constitution of India. 2. Previously, there was a Look Out Circular (LOC) issued at the behest of Income Tax Department against the petitioner herein. Petiti....

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....fficer and also to this court. It is further directed that applicant shall deposit of FDR of Rs. 25 lacs with the court before leaving the country and shall join the investigation as and when directed by the assessing officer." 4. Thereafter, petitioner submitted one application before the same Court seeking release of his FDR but such request has been turned down on the ground that FDR was not....

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....in response to the query put by this Court, it has been, very fairly, admitted that as on date there is no further Look Out Circular against the petitioner. 6. This Court has already extracted the relevant portion of the order whereby the petitioner had been permitted to travel abroad and it is quite evident that the above said FDR was in lieu of his such travel only as he was directed to submi....