PMLA anticipatory bail requires satisfaction of twin conditions, while predicate-offence protection does not extend to independent money-laundering pr...
School-affiliation charges remain taxable where not directly connected with examinations, while extended limitation requires proof of deliberate tax e...
HC disposed of writ petition seeking to quash seizure panchanamas of gold jewellery worth Rs.3.17 crores weighing 4698.81 grams claimed as stock-in-trade. Gold was initially seized by Railway Police Force and subsequently requisitioned by Deputy Director of Income Tax under Section 132A of IT Act. Petitioner filed application for release under Section 132B to DDIT(Inv.) instead of Assessing Officer as statutorily required. HC directed that application be decided by proper AO within six weeks, finding interest of justice required compliance with first proviso to Section 132B requiring application to AO rather than DDIT(Inv.).
HC disposed of writ petition seeking to quash seizure panchanamas of gold jewellery worth Rs.3.17 crores weighing 4698.81 grams claimed as stock-in-trade. Gold was initially seized by Railway Police Force and subsequently requisitioned by Deputy Director of Income Tax under Section 132A of IT Act. Petitioner filed application for release under Section 132B to DDIT(Inv.) instead of Assessing Officer as statutorily required. HC directed that application be decided by proper AO within six weeks, finding interest of justice required compliance with first proviso to Section 132B requiring application to AO rather than DDIT(Inv.).
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4827 
Join Channel 
