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Chacko. V. Joseph Versus Commissioner of Income Tax

2010 (8) TMI 1062 - KERALA HIGH COURT

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. .....

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handed over to the income-tax authorities for further proceedings under the Income-tax Act. The petitioner now submits that the amount may be returned to the petitioner. The petitioner further contends that even assuming that the petitioner is liable .....

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or 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 .....

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hat it is irrational and unjust to retain the amount insofar as the petitioner is prepared to furnish security for the amount. He further submits that if worse comes to worst, the petitioner would only be liable to pay ₹ 60,24,333/- and at leas .....

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