https://www.taxtmi.com/caselaws?id=327880 The Court found the Income Tax Department's seizure of cash from Securitrans India Pvt. Ltd. (SIPL) during elections to be illegitimate. Despite SIPL providing documentation, the Department failed to verify the source of the cash and wrongly attributed it to an employee's income. The Court held the Department's actions as invalid and directed the return of the seized amount with interest and awarded costs to SIPL. The assessment order adding the seized amount to the employee's income was deemed unsustainable and deleted. en-us Tue, 17 May 2016 00:00:00 +0530 Sat, 21 May 2016 12:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327880 The Court found the Income Tax Department's seizure of cash from Securitrans India Pvt. Ltd. (SIPL) during elections to be illegitimate. Despite SIPL providing documentation, the Department failed to verify the source of the cash and wrongly attributed it to an employee's income. The Court held the Department's actions as invalid and directed the return of the seized amount with interest and awarded costs to SIPL. The assessment order adding the seized amount to the employee's income was deemed unsustainable and deleted. Case-Laws Income Tax Tue, 17 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327880