Look out Circular issued against Director of Company--Petition for quashing

Facts: Where look out Circular was issued against managerial personnel in respect of inspection of records and accounts of company, but the inspection was completed, there was neither any allegation of non-cooperation against them nor their involvement in any non-compoundable offence.

Held: Look out Circular was set aside

Case: Rajesh Kumar Agarwal & Ors. v. Regional Director (E) 2022 TaxPub(CL) 2198 (Ori-HC)