2013 (9) TMI 973

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....njay Lal, Counsel JUDGEMENT In view of the order dated 10.7.2013, petitioner No.1 has filed an affidavit that he has no objection if the jewelleries seized from his premises are handed over on Supurdgi to petitioner No.2. Learned counsel for the respondents does not dispute the correctness of the aforesaid affidavit. In view of the aforesaid affidavit, we propose to dispose of this petiti....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....mount of jewelleries, respondents have no objection to give the jewelleries on Supurdgi to petitioner No.2. Learned counsel for the petitioners submitted that as per the circular of the CBDT, petitioner No.2 is entitled for the jewelleries up to 950 grams and to this extent, petitioner No.2 may be permitted not to furnish bank guarantee. The aforesaid prayer is opposed by Shri Lal, learned coun....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....No.2 shall also file an undertaking before the respondents that till the decision of the assessment proceedings, petitioner No.2 shall not sell or transfer the jewelleries without seeking prior permission of the respondents.      2. On furnishing the aforesaid, respondents shall hand over the jewelleries to the petitioner No.2 on Supurdginama. At this stage, learned counsel ....