https://www.taxtmi.com/caselaws?id=441116 The ITAT allowed the Petitioner's appeal, ruling that the seized cash was professional income and not undisclosed income. The Court directed the Respondents to return the seized amount of Rs. 16 lakhs to the Petitioner by a specified date, failing which would incur interest payment under Section 244A of the Act. The Court emphasized adherence to appellate authority decisions to prevent harassment of taxpayers and chaos in tax law administration. en-us Tue, 25 Jul 2023 00:00:00 +0530 Wed, 02 Aug 2023 14:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441116 The ITAT allowed the Petitioner's appeal, ruling that the seized cash was professional income and not undisclosed income. The Court directed the Respondents to return the seized amount of Rs. 16 lakhs to the Petitioner by a specified date, failing which would incur interest payment under Section 244A of the Act. The Court emphasized adherence to appellate authority decisions to prevent harassment of taxpayers and chaos in tax law administration. Case-Laws Income Tax Tue, 25 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441116