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2012 (7) TMI 517 - HC - Income TaxWrit petition – cash seized - It is stated in the petition that petitioner No. 1 is engaged in the business of rendering Courier Services to its clients - said was handed over to be transferred to its Head Office, which was being carried by petitioner No. 2, who was an employee of the petitioner's firm - respondent No. 1 issued a warrant of authorization in exercise of its powers under Section 132A(1) of the IT Act – Held that:- Amount in question was arranged and sent to Indore by Head Office by effecting withdrawals from the firm's bank account, no particulars of the bank account are described in the writ petition - statement of account of the petitioner firm's bank account is also not annexed to the writ petition to substantiate that money in question was withdrawn from any known sources - explanation furnished by Amish Kumar Patel from whose possession the money was seized was not found satisfactory by the department and the aforesaid material was in possession of the authority - warrant of authorization was issued - sufficient information in possession of the authority in order to enable him to form an opinion/reason to believe that the amount in question has not been or would not have been disclosed for the purpose of IT Act - writ petition fails and is hereby dismissed
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