https://www.taxtmi.com/caselaws?id=221939 Seized property may be released to the claimant when it is no longer required for investigation and custody can be protected by suitable court-imposed conditions. Here, the accused raised no objection to release, and the Income Tax Department stated that no further action was warranted and did not seek continued custody of the shares or instruction slip books. In those circumstances, the refusal by the Magistrate and revisional court to release the seized materials was unsustainable, and the claimant was entitled to handover of the instruction slip books and transfer of the shares subject to appropriate safeguards. en-us Mon, 05 Mar 2012 00:00:00 +0530 Sat, 06 Apr 2013 21:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221939 Seized property may be released to the claimant when it is no longer required for investigation and custody can be protected by suitable court-imposed conditions. Here, the accused raised no objection to release, and the Income Tax Department stated that no further action was warranted and did not seek continued custody of the shares or instruction slip books. In those circumstances, the refusal by the Magistrate and revisional court to release the seized materials was unsustainable, and the claimant was entitled to handover of the instruction slip books and transfer of the shares subject to appropriate safeguards. Case-Laws Indian Laws Mon, 05 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221939