Tax Evasion Allegations: HC dismisses PIL as Income Tax Dept already Examined Transaction

Ankur Gupta Vs Union Of India And Others (Delhi High Court) In the case of Ankur Gupta vs. Union of India and Others, decided by the Delhi High Court, the petitioner filed a Public Interest Litigation (PIL) under Article 226 of the Constitution. The PIL sought directions for authorities including the CBI, ED, Income Tax Department, and RBI to investigate alleged money laundering and tax evasion by a group of companies and individuals. The petitioner’s main contention was that the issuance and subsequent undervalued transfer of shareholding from one respondent company to another, resultin...