https://www.taxtmi.com/caselaws?id=16418 The court found the seizure of gold ornaments by the Income-tax Department unauthorized as the items were pledged by customers and not owned by the petitioner. The court quashed the seizure order and directed the return of the gold ornaments to the petitioner. The court did not address whether the loans represented undisclosed income, leaving it to the respondents to take necessary legal actions to protect Revenue interests. en-us Thu, 15 Oct 1998 00:00:00 +0530 Mon, 07 Sep 2009 16:29:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16418 The court found the seizure of gold ornaments by the Income-tax Department unauthorized as the items were pledged by customers and not owned by the petitioner. The court quashed the seizure order and directed the return of the gold ornaments to the petitioner. The court did not address whether the loans represented undisclosed income, leaving it to the respondents to take necessary legal actions to protect Revenue interests. Case-Laws Income Tax Thu, 15 Oct 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16418