https://www.taxtmi.com/caselaws?id=9993 The court dismissed the writ petition challenging the seizure of gold bullion, emphasizing the petitioner's failure to submit an application under section 132B for the release of assets within 30 days of seizure. It directed the petitioner to cooperate with the authorities, file the necessary application, and explain the source of acquisition within 15 days for the release of the seized gold. The court declined to exercise extraordinary jurisdiction under Article 226, highlighting the importance of adhering to the provisions of sections 132 and 132B for the release of seized assets. en-us Tue, 19 Apr 2005 00:00:00 +0530 Sat, 04 Jul 2009 19:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9993 The court dismissed the writ petition challenging the seizure of gold bullion, emphasizing the petitioner's failure to submit an application under section 132B for the release of assets within 30 days of seizure. It directed the petitioner to cooperate with the authorities, file the necessary application, and explain the source of acquisition within 15 days for the release of the seized gold. The court declined to exercise extraordinary jurisdiction under Article 226, highlighting the importance of adhering to the provisions of sections 132 and 132B for the release of seized assets. Case-Laws Income Tax Tue, 19 Apr 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9993