https://www.taxtmi.com/caselaws?id=349422 The High Court ruled in favor of the Petitioners, directing the immediate defreezing of their bank accounts by the Directorate of Revenue Intelligence (DRI). The court emphasized that statutory authorities must adhere to the law and cannot freeze accounts without proper justification, highlighting previous cases where similar actions were deemed illegal. The DRI's failure to initiate proceedings under the Customs Act, 1962, and the lack of stock of goods with the Petitioners' firms were crucial factors in the court's decision. The Petitioners were instructed to cooperate with the investigation, and the petitions were disposed of accordingly. en-us Wed, 11 Oct 2017 00:00:00 +0530 Tue, 30 Jan 2018 11:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349422 The High Court ruled in favor of the Petitioners, directing the immediate defreezing of their bank accounts by the Directorate of Revenue Intelligence (DRI). The court emphasized that statutory authorities must adhere to the law and cannot freeze accounts without proper justification, highlighting previous cases where similar actions were deemed illegal. The DRI's failure to initiate proceedings under the Customs Act, 1962, and the lack of stock of goods with the Petitioners' firms were crucial factors in the court's decision. The Petitioners were instructed to cooperate with the investigation, and the petitions were disposed of accordingly. Case-Laws Customs Wed, 11 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349422