https://www.taxtmi.com/caselaws?id=442284 Whether Section 67(2) CGST empowers seizure of currency: Applying purposive interpretation and following the HC precedent, the court held that the powers under Section 67 do not extend to seizure of assets merely because they are not accounted for; such interpretation bars treating unaccounted currency as liable to seizure under that provision. Outcome: The respondent was directed to remit the seized amount to the petitioner's bank account with accrued interest within two weeks. en-us Thu, 24 Aug 2023 00:00:00 +0530 Tue, 13 Jan 2026 14:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442284 Whether Section 67(2) CGST empowers seizure of currency: Applying purposive interpretation and following the HC precedent, the court held that the powers under Section 67 do not extend to seizure of assets merely because they are not accounted for; such interpretation bars treating unaccounted currency as liable to seizure under that provision. Outcome: The respondent was directed to remit the seized amount to the petitioner's bank account with accrued interest within two weeks. Case-Laws GST Thu, 24 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442284