Wednesday, 27 November 2013

Revenue exempted from disclosing info obtained from Financial Intelligence Unit justifying search op

IT: Where search and seizure operation were carried out against assessee on receipt of information from national agency which was responsible for collecting information related to suspected financial transaction against money laundering, terrorist financing and related crimes, preparation of satisfaction note on such information would be treated as unpublished document for which privilege from disclosing source of information could be validly claimed


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