https://www.taxtmi.com/caselaws?id=287009 Seized money kept in police custody was considered fit for release to the petitioners because it had remained under seizure for a substantial period, no rival claimant had emerged, and the respondents did not dispute the absence of any competing claim. Release was directed subject to safeguards, including security other than cash or bank guarantee and a personal bond ensuring cooperation before the Income-tax Department. The operative effect was release of the seized amount in favour of the petitioners, while preserving the department's ability to secure compliance through non-cash conditions. en-us Wed, 30 Jan 2002 00:00:00 +0530 Wed, 25 Mar 2020 10:17:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287009 Seized money kept in police custody was considered fit for release to the petitioners because it had remained under seizure for a substantial period, no rival claimant had emerged, and the respondents did not dispute the absence of any competing claim. Release was directed subject to safeguards, including security other than cash or bank guarantee and a personal bond ensuring cooperation before the Income-tax Department. The operative effect was release of the seized amount in favour of the petitioners, while preserving the department's ability to secure compliance through non-cash conditions. Case-Laws Income Tax Wed, 30 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287009