https://www.taxtmi.com/highlights?id=92599 The HC directed immediate release of the ornaments and books of account seized during the 1994 search, finding that the petitioner had executed the required indemnity bond and filed affidavits and that the Joint Commissioner of Income Tax (Range 4(1), Ahmedabad) had confirmed no outstanding demand and that no assessment, penalty or prosecution proceedings are pending. The respondents were ordered to release the seized property forthwith and to file a compliance report before the HC within one week. The direction is final and operative, obligating revenue authorities to restore the petitioner's seized property absent any extant tax liability or ongoing proceedings. en-us Wed, 17 Sep 2025 13:28:28 +0530 Wed, 17 Sep 2025 13:28:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=92599 The HC directed immediate release of the ornaments and books of account seized during the 1994 search, finding that the petitioner had executed the required indemnity bond and filed affidavits and that the Joint Commissioner of Income Tax (Range 4(1), Ahmedabad) had confirmed no outstanding demand and that no assessment, penalty or prosecution proceedings are pending. The respondents were ordered to release the seized property forthwith and to file a compliance report before the HC within one week. The direction is final and operative, obligating revenue authorities to restore the petitioner's seized property absent any extant tax liability or ongoing proceedings. Highlights Income Tax Wed, 17 Sep 2025 13:28:28 +0530 https://www.taxtmi.com/highlights?id=92599