2020 (3) TMI 1118

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....hey are registered dealer in gold ornaments and jewels, under the Goods and Service Tax Act. On 08.01.2019, the Sub Inspector of Police, Koppam Police Station, Palakkad had registered a crime with FIR No.07/2019, against one Sri. Muhammed Sahir and two others on the allegation that an amount of Rs. 99,00,000/- were seized from them, while transporting the amount without proper and valid documents in order to prove the source of the said amount. The money seized was produced before the Judicial First Class Magistrate's Court, Pattambi, wherein the case was registered as R.C. No.231/2019. The petitioner moved Crl.M.P. No.479/2019 before the said court, under Section 451 Cr.P.C., seeking to release the money in interim custody to them. The....

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....ody of the 1 st respondent and that the 1st respondent is keeping it illegally. Therefore the petitioner sought for release of the amount. It is made clear that the petitioner is ready and willing to furnish any sort of security, as insisted upon. The petitioner had produced Ext.P9 notice issued by the Income Tax Officer, Kozhikode to one of the accused in the case, intimating the proposal that the case will be transferred to the Deputy Commissioner of Income Tax, Central Circle-2, Kozhikode. By the said notice the accused was required to submit objections if any, and to appear for personal hearing with respect to the proposal. In the Writ petition the petitioner also challenged Ext.P9. Inter alia, it is prayed to restrain the 1st and 3rd r....

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....140] as well as an order of the High Court of Allahabad in Ved Prakash Agrawal v. Additional District & Sessions Judge[(2002)123 TAXMAN 577(All). 5. When the above writ appeal came up for admission, we directed the Standing Counsel for the Government of India(Taxes), who entered appearance on behalf of the respondents 1 to 3, to ascertain the stage of proceedings if any initiated by the Income Tax Department pursuant to seizure of the money. It was also directed to ascertain whether any claim petition was submitted by the appellant before any appropriate authority in the Department, claiming ownership over the amount. Learned Standing Counsel on instruction from the Principal Commissioner of Income Tax, Kozhikode submitted that, "centraliz....