Special judge observed that “.. no exceptional circumstance has been put forth by the department,” states the order reviewed by ET. The judge further observed that issuing of a LoC requires fulfillment of two conditions: First, accused deliberately evading arrest or not appearing before the agency despite issuance of a non bailable warrant and other coercive measures and second, there is likelihood of the accused fleeing the country. A Special Court in Delhi quashed the look out circular (LOC) LOC issued by Income Tax Department against businessman Samir Modi , the Executive Director, KK Modi Group in alleged tax evasion case and for offences under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act. The court has however asked Modi to seek permission of the court before leaving the country and share all addresses including international address and mobile numbers. Special judge observed that “.. no exceptional circumstance has been put forth by ...