https://www.taxtmi.com/caselaws?id=13303 Seized cash required for proceedings under the Income-tax Act should remain under the custody of the tax authorities where its source is unexplained. The High Court held that section 132A and the need for assessment and consequential action under the tax law prevailed over the criminal court's power to release property under the Code of Criminal Procedure. An order directing release of the cash to the claimant was therefore set aside, and the amount was ordered to be handed over to the Income-tax Department. en-us Tue, 29 Mar 2005 00:00:00 +0530 Thu, 28 May 2009 10:37:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13303 Seized cash required for proceedings under the Income-tax Act should remain under the custody of the tax authorities where its source is unexplained. The High Court held that section 132A and the need for assessment and consequential action under the tax law prevailed over the criminal court's power to release property under the Code of Criminal Procedure. An order directing release of the cash to the claimant was therefore set aside, and the amount was ordered to be handed over to the Income-tax Department. Case-Laws Income Tax Tue, 29 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13303