TMI Blog2022 (1) TMI 1164X X X X Extracts X X X X X X X X Extracts X X X X ..... ssee is based in Ahmedabad, the Pr.CIT-10 is directed to transfer the seized amount of ₹ 12,00,000/- to the petitioner s Assessing Officer in accordance with law within two weeks. It shall be open to the petitioner to apply to his Assessing Officer for refund of the seized amount in accordance with the assessment order dated 2nd November, 2010. - W.P.(C) 7907/2021 & CM APPL.43092/2021 - - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hat this action of the respondents of illegally retaining the seized assets of the petitioner is in direct contravention of the rules and regulations pertaining to release of seized assets laid down vide Circular bearing F.No.286/6/2008-IT (Inv. II) dated 21st January, 2009 passed by the Central Board of Direct Taxes ( CBDT ). He further states that Section 132B(3) of the Income Tax Act, 1961 (the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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