https://www.taxtmi.com/caselaws?id=19602 The court dismissed both writ petitions, upholding the validity of the proceedings under Section 148 of the Income-tax Act and denying the immediate return of the seized assets. The court directed the respondents to conclude the assessment and decide on the return of the assets within a stipulated time frame, emphasizing the necessity to identify the true owner and determine any tax liability before returning the assets. The petitioner was advised to pursue other legal remedies if aggrieved by the final orders. en-us Mon, 07 Mar 1994 00:00:00 +0530 Sat, 07 Nov 2009 12:28:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19602 The court dismissed both writ petitions, upholding the validity of the proceedings under Section 148 of the Income-tax Act and denying the immediate return of the seized assets. The court directed the respondents to conclude the assessment and decide on the return of the assets within a stipulated time frame, emphasizing the necessity to identify the true owner and determine any tax liability before returning the assets. The petitioner was advised to pursue other legal remedies if aggrieved by the final orders. Case-Laws Income Tax Mon, 07 Mar 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19602