2013 (9) TMI 902 - SCH - Income Tax

Search and seizure - compliance of directions issued by the High Court in 2011 (5) TMI 620 - ORISSA HIGH COURT When Petitioner complied with the orders/directions of the court Held that - Petitioner complied with the orders and directions issued by the High Court Petitioner re-deposited the amount seized from the bank account of the respondent-company - Petitioner has completed the proceedings under Section 132(5) of the Income tax Act Petition becomes infructous

Summary

The Supreme Court disposed of a petition against a High Court judgment as the petitioner complied with the orders by re-depositing money and completing tax proceedings. The petition was deemed infructuous, but the legal question raised was kept open for future cases.