https://www.taxtmi.com/caselaws?id=298221 Bank accounts may be treated as property liable to seizure during criminal investigation, and non-reporting of the seizure to the Magistrate under Section 102(3) of the Code of Criminal Procedure does not by itself require defreezing where the investigation is pending and the funds are alleged to be connected with the offence. On those facts, the Court upheld the freezing order and refused general defreezing. However, the petitioner's subsistence allowance was treated as distinct from the disputed sale proceeds, so the salary account was directed to be defreezed only to the limited extent necessary to receive that allowance, without permitting other dealings with the disputed funds. en-us Mon, 30 Mar 2015 00:00:00 +0530 Thu, 21 Oct 2021 08:15:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298221 Bank accounts may be treated as property liable to seizure during criminal investigation, and non-reporting of the seizure to the Magistrate under Section 102(3) of the Code of Criminal Procedure does not by itself require defreezing where the investigation is pending and the funds are alleged to be connected with the offence. On those facts, the Court upheld the freezing order and refused general defreezing. However, the petitioner's subsistence allowance was treated as distinct from the disputed sale proceeds, so the salary account was directed to be defreezed only to the limited extent necessary to receive that allowance, without permitting other dealings with the disputed funds. Case-Laws Indian Laws Mon, 30 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298221