2025 (5) TMI 839 - SCH - Income Tax

Release of cash seized from the vehicle of the respondent - HELD THAT - We are not inclined to interfere with the impugned order passed by the High Court directing release of cash seized from the vehicle of the respondent for the reason that the High Court had already provided that the seized property would be released only upon furnishing bank guarantee(s) and personal bond(s). Once the amount is secured there is no reason to interfere with the said order. Accordingly the Special Leave Petition is dismissed.

Summary

The Supreme Court, through Hon'ble Justices Vikram Nath and Sandeep Mehta, dismissed the Special Leave Petition challenging the High Court's order directing the release of cash seized from the respondent's vehicle. The Court noted that the High Court had conditioned release upon furnishing "bank guarantee(s) and personal bond(s)," ensuring the amount was secured. Emphasizing this safeguard, the Court held, "Once the amount is secured, there is no reason to interfere with the said order." Delay was condoned, and all pending applications were disposed of.