https://www.taxtmi.com/caselaws?id=274315 The court found the Directorate of Revenue Intelligence's actions unjustified and arbitrary in extorting Rs. 70,00,000/- without issuing a formal demand or show-cause notice. The court directed the DRI to refund the amount to the petitioner and released the bank guarantee. It emphasized the need for the DRI to conclude its investigation promptly within a year, ensuring no prejudice to the parties' rights. The writ petition was disposed of accordingly. en-us Thu, 29 May 2008 00:00:00 +0530 Tue, 07 Aug 2018 12:44:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274315 The court found the Directorate of Revenue Intelligence's actions unjustified and arbitrary in extorting Rs. 70,00,000/- without issuing a formal demand or show-cause notice. The court directed the DRI to refund the amount to the petitioner and released the bank guarantee. It emphasized the need for the DRI to conclude its investigation promptly within a year, ensuring no prejudice to the parties' rights. The writ petition was disposed of accordingly. Case-Laws Customs Thu, 29 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274315