https://www.taxtmi.com/caselaws?id=770094 Gujarat HC allowed Income Tax Department's petition challenging magistrate's orders regarding seized cash of Rs. 35,28,000 during criminal investigation. Court quashed lower court orders that directed deposit in complainant's name at nationalized bank. HC held department entitled to retain cash till proceedings conclude under Income Tax Act provisions, but must deposit entire amount in PD Account per Income Tax rules within four weeks. Department authorized to undertake all lawful actions while maintaining statutory deposit requirements. en-us Wed, 30 Apr 2025 00:00:00 +0530 Tue, 06 May 2025 09:58:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770094 Gujarat HC allowed Income Tax Department's petition challenging magistrate's orders regarding seized cash of Rs. 35,28,000 during criminal investigation. Court quashed lower court orders that directed deposit in complainant's name at nationalized bank. HC held department entitled to retain cash till proceedings conclude under Income Tax Act provisions, but must deposit entire amount in PD Account per Income Tax rules within four weeks. Department authorized to undertake all lawful actions while maintaining statutory deposit requirements. Case-Laws Income Tax Wed, 30 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770094