9911796707
TMI Blog2013 (5) TMI 129X X X X Extracts X X X X X X X X Extracts X X X X ..... ividuals/ concerns who are alleged to be involved in Hawala transactions involving an illegal transfer of cash. An entity by the name of M/s.Gold Sukh Safety Vault Limited was providing lockers. It was alleged that the locker was assigned in the name of the first holder whose KYC details were kept on record, but in actuality a locker could be used by several other persons whose names were incorporated in the agreement. A number of lockers were alleged to have been given on rent to Hawala operators. The modus operandi followed was that the beneficiary intending to transfer money from one place to the other would visit the office of the Hawala operator at the place from where the money was sought to be transferred and where money was deposite ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o the holder of the locker requiring him to appear for the completion of the search proceedings. An opportunity was also given to the Petitioner by a letter dated 19 November 2012 to present himself on 20 November 2012. The letter was served on the Petitioner. A statement was recorded of the Director of Gold Sukh Safety Vaults Limited on 21 November 2012 who stated that the locker was operated by the Petitioner and who is shown in the records as the last person who had operated the locker. Since neither the holder of the locker nor the Petitioner presented themselves in pursuance of the notice issued to them, the locker was broken open on 21 November 2012. During the course of the search, cash of Rs.1.50 crores was seized together with the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed over for further action under Section 153-A, or as the case may be, 153-C. In the affidavit-in-reply it has also been stated that the sales register submitted by the Petitioner shows unusual trends insofar as cash sales are concerned and unusually high cash sales have been shown after 25 October 2012. The sales bills for the cash sales do not mention the names of the persons to whom the bullion was sold and in place of the purchase party, the word `cash' is written. No bank details have been furnished by the Petitioner. 8. At the hearing of the petition, the only relief which has been pressed at this stage is that a direction may be issued to the Deputy Director of Income Tax (Investigation) to dispose of the representation submitted by ..... X X X X Extracts X X X X X X X X Extracts X X X X
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