https://www.taxtmi.com/caselaws?id=764539 Delhi HC held that while there was delay in issuing the requisition for seized cash, the Income Tax Department's explanation regarding investigation-related delays was acceptable. The court rejected petitioner's claim that authorities lacked reason to believe the cash was undisclosed, finding no infirmity in their decision given inadequate explanation of cash source and transaction details. However, since the assessment period under Section 153A had expired and no demand was crystallized, the court directed return of seized cash to petitioner within four weeks if no outstanding demand exists. en-us Fri, 10 Jan 2025 00:00:00 +0530 Mon, 13 Jan 2025 08:39:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764539 Delhi HC held that while there was delay in issuing the requisition for seized cash, the Income Tax Department's explanation regarding investigation-related delays was acceptable. The court rejected petitioner's claim that authorities lacked reason to believe the cash was undisclosed, finding no infirmity in their decision given inadequate explanation of cash source and transaction details. However, since the assessment period under Section 153A had expired and no demand was crystallized, the court directed return of seized cash to petitioner within four weeks if no outstanding demand exists. Case-Laws Income Tax Fri, 10 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764539