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2010 (8) TMI 1062 - KERALA HIGH COURT

2010 (8) TMI 1062 - KERALA HIGH COURT - TMI - W.P(C) No. 19146 of 2010 - Dated:- 5-8-2010 - S. SIRI JAGAN J. For Petitioner :Sri. C.P. Mohammed Nias For Respondent :Sri. T.P.M. Ibrahim Khan ORDER An amount of ₹ 88 lakhs was seized from a Scoda car bearingReg. No. TN 43-Z/2500 from Wyanad. The enforcement authorities initiated proceedings. Ultimately, the proceedings by the enforcement authorities were dropped and on the strength of a warrant issued by the Director of Income-tax under Secti .....

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contention, I directed the standing counsel for the Income-tax Department to file a statement detailing all these aspects. Now, the standing counsel has filed a statement giving a calculation as to what would be the amount due from the petitioner, if, ultimately the proceedings under Income-tax Act goes against him. The amount stated in the statement is ₹ 60,24,333/-. He would further submit that unless the entire proceedings are over, the amounts cannot be returned to the petitioner. Lea .....

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