https://www.taxtmi.com/caselaws?id=198603 Section 132A of the Income-tax Act, 1961 enables the requisitioning of assets in police custody where there is reason to believe they represent undisclosed income or property, and that statutory mechanism operates independently of the CrPC provisions on custody of property. Currency notes seized in connection with a criminal case cannot be withheld by the police once a valid requisition is made, because interim criminal custody does not override the income-tax process for delivery, assessment, or reassessment under the Act. The discussion concludes that the objection based on sections 451 and 457 of the CrPC does not defeat requisition under section 132A. en-us Fri, 31 Jul 2015 00:00:00 +0530 Mon, 05 Feb 2018 16:47:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198603 Section 132A of the Income-tax Act, 1961 enables the requisitioning of assets in police custody where there is reason to believe they represent undisclosed income or property, and that statutory mechanism operates independently of the CrPC provisions on custody of property. Currency notes seized in connection with a criminal case cannot be withheld by the police once a valid requisition is made, because interim criminal custody does not override the income-tax process for delivery, assessment, or reassessment under the Act. The discussion concludes that the objection based on sections 451 and 457 of the CrPC does not defeat requisition under section 132A. Case-Laws Income Tax Fri, 31 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198603