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)
transferred a sum of Rs. 6 crores on 01.06.2016 and Rs. 4
crores on 21.06.2016 to M/s Goan Recreation Clubs Private Ltd. The
assessee secured the loan by way of a mortgage of the property
forming part of Survey No. 31/1-A situated in Village Bambolim, Distt.
North Goa. It is an admitted fact that the assessee became the Director
