https://www.taxtmi.com/caselaws?id=237922 The court set aside the block assessment proceedings against petitioner no. 2 and directed the release of the seized amount of Rs. 7,15,000 within four weeks, subject to the outcome of the current assessment year's proceedings. The court allowed the department to take action against the company (petitioner no. 1) as per law. The writ petition was disposed of with these observations and directions. en-us Wed, 09 Oct 2013 00:00:00 +0530 Fri, 11 Oct 2013 15:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237922 The court set aside the block assessment proceedings against petitioner no. 2 and directed the release of the seized amount of Rs. 7,15,000 within four weeks, subject to the outcome of the current assessment year's proceedings. The court allowed the department to take action against the company (petitioner no. 1) as per law. The writ petition was disposed of with these observations and directions. Case-Laws Income Tax Wed, 09 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237922