Can bank transfer money to IT department from an account on which prohibitory order u/s 132(3) clamped?

Print PDF

Investigation wing of the income tax department  , in very routine manner , put prohibitory orders on operation of bank accounts of persons on whom they suspect having black money.The power exercised by the income tax authority for issue of prohibitory order  emanate  from section 132(3) of the I T Act which is as under…