{"id":47148,"date":"2024-10-17T12:23:04","date_gmt":"2024-10-17T06:53:04","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pooja-trading-co-v-dy-dit-inv-2024-299-taxman-534-338-ctr-842-delhihc\/"},"modified":"2024-10-17T12:23:04","modified_gmt":"2024-10-17T06:53:04","slug":"pooja-trading-co-v-dy-dit-inv-2024-299-taxman-534-338-ctr-842-delhihc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pooja-trading-co-v-dy-dit-inv-2024-299-taxman-534-338-ctr-842-delhihc\/","title":{"rendered":"Pooja Trading Co. v. Dy. DIT (Inv.) (2024) 299 Taxman 534\/338 CTR 842 (Delhi)(HC)"},"content":{"rendered":"<p>During search and seizure operation under section 132, several persons\/entities were found to be involved in hawala transactions through bogus RTGS and crypto currencies. Pursuant to same and on basis of certain suspicious transactions, accounts of assessees were debit frozen to avoid leakage of revenue.\u00a0\u00a0 Order was issued on 30-4-2023, rigour period stood concluded by 30-6-2023. On writ the Court held\u00a0 that perpetuation of freezing of bank accounts beyond 60 days was completely unsustainable and de hors provisions. Thus, letter dated 30-4-2023 having already lived out its life and ceased to have any significance by virtue of operation of law, same was to be declared unenforceable and\u00a0 directed to\u00a0 de-freeze concerned bank accounts of assesses.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 132 : Search and seizure-Freezing bank accounts-As per section 132(8-A), order of freezing bank accounts could not remain in force for a period exceeding sixty days from date of order.[S. 132(3), 132(8A), Art. 226]   <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-47148","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-cgs","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/47148","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=47148"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/47148\/revisions"}],"predecessor-version":[{"id":47149,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/47148\/revisions\/47149"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=47148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=47148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=47148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}