2017 (7) TMI 211

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.... Akil Kureshi ) 1. The petitioner has prayed for a direction to the respondents to release the seized FDRs and unfreeze the bank accounts. These prayers are made in the following background : 2. The petitioner is an individual and is a permanent resident of Dubai. During the search operations in the premises of brother and father of the petitioner in Mumbai on 20.3.2012, certain Fixed Deposit re....

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....the searched persons. On the basis of exercise undertaken at the time of search, the department came to the conclusion that the amounts of the FDs did not belong to the petitioner but were of the ownership of the father and the brother. 4. It is not necessary to go into the details of the materials relied upon by the department or those relied upon by the petitioner in support of rival stands. Th....