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2013 (8) TMI 246 - HC - Income TaxReturn / Release of cash seized during search - section 132A - 30% of amount seized paid as income tax and Refund of remaining amount - Held that:- seized amount should not be kept idle as "dead investment". The amount seized from the first respondent herein could be utilized until the veracity of the case has been determined. Hence, the interim order is maintainable. Therefore, the part amount had been released to the accused on condition that he executes a bond with one surety for like sum on condition that he shall return the amount to the Court as and when required - Decided against Revenue.
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