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2011 (1) TMI 43 - HC - Income TaxSearch and Seizure - Addition u/s 69A - unexplained jewellery - return of jewellery - Revenue submitted that in case jewellery is returned to the petitioner, family members of the petitioner may make a claim on the said jewellery - petitioner, on the other hand, has submitted that he is ready and willing to furnish no objection certificate from the family members and indemnity bond to the authorities to the satisfaction of the Income Tax authorities - Held that: - order of CIT set aside and quashed - remanded back for re hearing and for speaking order - Refund, if due, will be paid within 15 days thereafter along with interest, if payable, in accordance with the provisions of the Act.
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