2011 (2) TMI 47

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....mus for release of Rs.63,82,000/- which were seized on 2nd November, 2004, during the search proceedings under the Central Excise Act, 1944 read with Sections 110 and 121 of the Customs Act, 1962.   2. The petitioner is Managing Director of Art-N-Glass Pvt. Ltd. As per the counter affidavit the allegations are that the said company was indulging in the evasion of central excise duty by way o....

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....vered from his residence. Accordingly, it is submitted that the seizure is justified.   2. The petitioner on the other hand contends the cash recovered pertains to transaction relating to sale of an immovable property with a third person Sanjay Singhal. Reliance is placed on purported documents. These all are disputed questions of fact which have to be gone into and examined during the cours....