https://www.taxtmi.com/caselaws?id=274490 The court upheld the Assessing Officer's decision to reject the petitioner's application for the release of seized cash under Section 132B, emphasizing the ongoing investigation into the ownership of the cash. The court stressed the importance of expeditiously concluding the investigation by revenue authorities to determine the ownership and tax implications of the cash. The writ petition was dismissed, with expectations for the timely completion of the inquiry as per the Act. en-us Mon, 27 Feb 2012 00:00:00 +0530 Sat, 18 Aug 2018 11:02:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274490 The court upheld the Assessing Officer's decision to reject the petitioner's application for the release of seized cash under Section 132B, emphasizing the ongoing investigation into the ownership of the cash. The court stressed the importance of expeditiously concluding the investigation by revenue authorities to determine the ownership and tax implications of the cash. The writ petition was dismissed, with expectations for the timely completion of the inquiry as per the Act. Case-Laws Income Tax Mon, 27 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274490