https://www.taxtmi.com/caselaws?id=198585 The court quashed the order directing the handing over of seized currency notes to the respondent after deducting tax. It held that the currency notes should be handed over to the Income Tax Department for assessment and tax collection, based on provisions of the Income Tax Act. The petitioner's argument was supported by a previous court order, and the respondent agreed to comply to avoid delays. The Metropolitan Magistrate's order was overturned, and the police were instructed to transfer the currency notes to the Income Tax Department. en-us Thu, 24 Apr 2014 00:00:00 +0530 Mon, 05 Feb 2018 07:04:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198585 The court quashed the order directing the handing over of seized currency notes to the respondent after deducting tax. It held that the currency notes should be handed over to the Income Tax Department for assessment and tax collection, based on provisions of the Income Tax Act. The petitioner's argument was supported by a previous court order, and the respondent agreed to comply to avoid delays. The Metropolitan Magistrate's order was overturned, and the police were instructed to transfer the currency notes to the Income Tax Department. Case-Laws Income Tax Thu, 24 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198585