Court Rules Against Tax Authority's Liquor Seizure; Orders Rs. 10,000 Costs for Unjustified Action Under Income Tax Act.

Court Rules Against Tax Authority's Liquor Seizure; Orders Rs. 10,000 Costs for Unjustified Action Under Income Tax Act. https://www.taxtmi.com/highlights?id=73095 Search and Seizure - Validity of Order passed u/s 132(3) prohibiting petitioners/assessee from removing articles (liquor bottles) in the cupboard at the resident without prior permission of the IT Authorities - Liquor stands included within the expression “valuable article” - Revenue failed to satisfy the seizure of liquor - Revenue is saddled with cost of Rs. 10,000/- - HC en-us Sat, 18 Nov 2023 20:37:13 +0530 Sat, 18 Nov 2023 20:37:13 +0530 TaxTMI RSS Generator Court Rules Against Tax Authority's Liquor Seizure; Orders Rs. 10,000 Costs for Unjustified Action Under Income Tax Act. https://www.taxtmi.com/highlights?id=73095 Search and Seizure - Validity of Order passed u/s 132(3) prohibiting petitioners/assessee from removing articles (liquor bottles) in the cupboard at the resident without prior permission of the IT Authorities - Liquor stands included within the expression “valuable article” - Revenue failed to satisfy the seizure of liquor - Revenue is saddled with cost of Rs. 10,000/- - HC Highlights Income Tax Sat, 18 Nov 2023 20:37:13 +0530 https://www.taxtmi.com/highlights?id=73095