https://www.taxtmi.com/caselaws?id=16398 Seized jewellery was no longer justified in departmental custody after the appellate authority set aside the reassessment for that jewellery and deleted the related addition. The Court held that, in these circumstances, retention of the jewellery could not continue, while the Revenue's interest could still be protected by requiring adequate security before release. The jewellery was therefore directed to be returned to the assessee on furnishing security to the satisfaction of the Assessing Officer. en-us Tue, 09 Sep 1997 00:00:00 +0530 Mon, 07 Sep 2009 15:14:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16398 Seized jewellery was no longer justified in departmental custody after the appellate authority set aside the reassessment for that jewellery and deleted the related addition. The Court held that, in these circumstances, retention of the jewellery could not continue, while the Revenue's interest could still be protected by requiring adequate security before release. The jewellery was therefore directed to be returned to the assessee on furnishing security to the satisfaction of the Assessing Officer. Case-Laws Income Tax Tue, 09 Sep 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16398