https://www.taxtmi.com/caselaws?id=769577 Gujarat HC directed respondents to release seized jewellery retained without authority. Assessment for AY 2014-15 was completed with no outstanding liability for that year. Court held jewellery cannot be retained for recovery of outstanding demands from subsequent assessment years. Section 132B amendment by Finance Act 2022 was effective from April 1, 2022, and prior provision only covered completion of assessment under section 153A. Retention of jewellery for subsequent years' liabilities was without jurisdiction and illegal, requiring immediate release to petitioner. en-us Tue, 18 Mar 2025 00:00:00 +0530 Mon, 28 Apr 2025 08:35:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769577 Gujarat HC directed respondents to release seized jewellery retained without authority. Assessment for AY 2014-15 was completed with no outstanding liability for that year. Court held jewellery cannot be retained for recovery of outstanding demands from subsequent assessment years. Section 132B amendment by Finance Act 2022 was effective from April 1, 2022, and prior provision only covered completion of assessment under section 153A. Retention of jewellery for subsequent years' liabilities was without jurisdiction and illegal, requiring immediate release to petitioner. Case-Laws Income Tax Tue, 18 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769577