Income Tax Department Cannot Retain Cash and Jewellery if No Tax Liability Exists for Relevant Assessment Years.

Income Tax Department Cannot Retain Cash and Jewellery if No Tax Liability Exists for Relevant Assessment Years. https://www.taxtmi.com/highlights?id=15837 If there is no tax liability, pending against the petitioner in respect of relevant assessment years, corresponding to the search and seizure operations, there is no justification in law to continue to keep the cash and jewellery in the possession of the income tax department - HC en-us Sat, 16 Nov 2013 13:49:23 +0530 Sat, 16 Nov 2013 13:49:23 +0530 TaxTMI RSS Generator Income Tax Department Cannot Retain Cash and Jewellery if No Tax Liability Exists for Relevant Assessment Years. https://www.taxtmi.com/highlights?id=15837 If there is no tax liability, pending against the petitioner in respect of relevant assessment years, corresponding to the search and seizure operations, there is no justification in law to continue to keep the cash and jewellery in the possession of the income tax department - HC Highlights Income Tax Sat, 16 Nov 2013 13:49:23 +0530 https://www.taxtmi.com/highlights?id=15837