https://www.taxtmi.com/caselaws?id=198568 Valid requisition of currency under the Income-tax Act limits the criminal court's custody powers, because the special statutory mechanism under the Act governs delivery and action on assets suspected to represent undisclosed income. Where no rival claim to the cash exists, the Magistrate may place the currency at the disposal of the requisitioning tax authority for assessment or other proceedings under the Act, and a Sessions Court should not disturb that custody arrangement unless the statutory basis is absent. The custody order in favour of the tax authority was therefore restored. en-us Thu, 07 Oct 2010 00:00:00 +0530 Sat, 03 Feb 2018 11:22:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198568 Valid requisition of currency under the Income-tax Act limits the criminal court's custody powers, because the special statutory mechanism under the Act governs delivery and action on assets suspected to represent undisclosed income. Where no rival claim to the cash exists, the Magistrate may place the currency at the disposal of the requisitioning tax authority for assessment or other proceedings under the Act, and a Sessions Court should not disturb that custody arrangement unless the statutory basis is absent. The custody order in favour of the tax authority was therefore restored. Case-Laws Income Tax Thu, 07 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198568