PRINCIPAL DIRECTOR OF INCOME TAX (INVESTIGATION) vs. LALJIBHAI KANJIBHAI MANDALIA
The appeal is allowed and the order passed by the High
C.A. No.-004081-004081 - 2022Supreme Court13 Jul 2022
Bench: HON'BLE MR. JUSTICE HEMANT GUPTA
Section 132Section 132(1)Section 143(3)
demonetization on 08.11.2016. The
satisfaction note prepared by DDIT (Investigation), Unit-1, Jalpaiguri
was approved by Additional Director of Income Tax (Investigation) Unit-
5, Kolkata and further approved by DGIT (Investigation), Kolkata on
07.08.2018. The High Court also quoted paragraph 4.3 from an
affidavit in-reply filed by the Revenue which reads thus:
“5.3. As far as the investment opportunity
