https://www.taxtmi.com/caselaws?id=428246 Seized demonetised currency notes may be exchanged only under the Specified Bank Notes (Deposit of Confiscated Notes) Rules, 2017, framed under the Specified Bank Notes (Cessation of Liabilities) Act, 2017, and only where the notes were seized or confiscated before the relevant cut-off date and the prescribed conditions are met. The framework also requires production of the court direction contemplated by the rules. On that basis, the petitioner was permitted to seek exchange of the released notes, subject to compliance with the statutory requirements and the necessary court direction within the stipulated time. en-us Tue, 06 Sep 2022 00:00:00 +0530 Tue, 27 Sep 2022 07:18:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428246 Seized demonetised currency notes may be exchanged only under the Specified Bank Notes (Deposit of Confiscated Notes) Rules, 2017, framed under the Specified Bank Notes (Cessation of Liabilities) Act, 2017, and only where the notes were seized or confiscated before the relevant cut-off date and the prescribed conditions are met. The framework also requires production of the court direction contemplated by the rules. On that basis, the petitioner was permitted to seek exchange of the released notes, subject to compliance with the statutory requirements and the necessary court direction within the stipulated time. Case-Laws Income Tax Tue, 06 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428246