https://www.taxtmi.com/caselaws?id=381024 The Court allowed the writ petition challenging the seizure of cash by the Flying Squad, directing the Income Tax Department to release the seized cash to the petitioner within eight weeks. The Court found that the Income Tax Department lacked jurisdiction over the seized cash and did not adhere to the procedural requirements under the Income Tax Act. The Court emphasized that the seizure was not conducted under the relevant provisions of the Act and ordered the release of the cash with a provision for interest at 10% if not refunded within the stipulated time. en-us Thu, 16 May 2019 00:00:00 +0530 Fri, 20 Sep 2019 16:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381024 The Court allowed the writ petition challenging the seizure of cash by the Flying Squad, directing the Income Tax Department to release the seized cash to the petitioner within eight weeks. The Court found that the Income Tax Department lacked jurisdiction over the seized cash and did not adhere to the procedural requirements under the Income Tax Act. The Court emphasized that the seizure was not conducted under the relevant provisions of the Act and ordered the release of the cash with a provision for interest at 10% if not refunded within the stipulated time. Case-Laws Income Tax Thu, 16 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381024