Lookout Circular Set Aside Because Income Tax Proceedings Had Concluded and No Demand Was Pending

Gaurav Dalmia Vs Deputy Director of Income Tax Investigation Unit 2 (3) Delhi & Ors. (Delhi High Court) The Delhi High Court considered a writ petition challenging the issuance and continued operation of a lookout circular against the petitioners by the Income Tax Department. The petitioners contended that the lookout circular had been issued following a search conducted at their residence and business premises on 17 March 2021. They stated that the circular was issued in April or May 2021 without any prior intimation. Upon learning about it, the petitioners submitted a representation date...