https://www.taxtmi.com/caselaws?id=771401 Calcutta HC dismissed appellant's challenge to quash summons, panchanama and recorded statements following IT search and seizure operation, ruling that since summons were acted upon and statements recorded, the challenge was premature. Court rejected appellant's prayer to release seized jewellery claimed as exhibition models, directing instead that assessment proceedings commence within two months. Appellant granted liberty to apply for jewellery release before assessing officer upon appropriate conditions, with court noting business impact but finding no grounds to interfere with Single Bench order. en-us Wed, 14 May 2025 00:00:00 +0530 Wed, 08 Apr 2026 11:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771401 Calcutta HC dismissed appellant's challenge to quash summons, panchanama and recorded statements following IT search and seizure operation, ruling that since summons were acted upon and statements recorded, the challenge was premature. Court rejected appellant's prayer to release seized jewellery claimed as exhibition models, directing instead that assessment proceedings commence within two months. Appellant granted liberty to apply for jewellery release before assessing officer upon appropriate conditions, with court noting business impact but finding no grounds to interfere with Single Bench order. Case-Laws Income Tax Wed, 14 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771401