https://www.taxtmi.com/caselaws?id=417192 The court set aside the Magistrate's order and allowed the petitioner's application. The seized amounts were ordered to be released to the Income Tax Department for proceedings under Sections 132-B or 153A of the Income Tax Act within six months. If the petitioner fails to complete the proceedings within the stipulated time, the amount shall be redeposited with the Magistrate, allowing the 2nd respondent to move for its release subject to conditions deemed fit by the Magistrate. Crl.M.P.No.384/2017 was dismissed, and Crl.M.P.No.704/2017 was allowed. en-us Mon, 10 Jan 2022 00:00:00 +0530 Sat, 30 Apr 2022 16:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417192 The court set aside the Magistrate's order and allowed the petitioner's application. The seized amounts were ordered to be released to the Income Tax Department for proceedings under Sections 132-B or 153A of the Income Tax Act within six months. If the petitioner fails to complete the proceedings within the stipulated time, the amount shall be redeposited with the Magistrate, allowing the 2nd respondent to move for its release subject to conditions deemed fit by the Magistrate. Crl.M.P.No.384/2017 was dismissed, and Crl.M.P.No.704/2017 was allowed. Case-Laws Income Tax Mon, 10 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417192