2020 (11) TMI 383

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....cate with Mr. Vivek Bansal, Advocate. Respondents/Applicants Through: Ms. Vibhooti Malhotra, Senior Standing Counsel for Revenue. O R D E R CM APPL Nos. 19990/2020 & 19991/2020 (for exemption) 1. Exemption allowed, subject to all just exceptions. 2. The applications stand disposed of. REVIEW PETITION 126/2020 3. The instant Review Petition under Article 226 of the Constitution....

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.... Ms. Malhotra further strenuously submits that Shri Khem Chand Mukim while travelling from Guwahati to Delhi was intercepted by the Air Intelligence Unit (AIU) at Terminal 1D, IGI Airport, New Delhi on 10.09.2018 and thereafter the Revenue carried out the investigation under Section 131 (1A) of the Income Tax Act, prior to carrying out the search action under Section 132 (1) of the Act. In respons....

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.... Petitioner was found carrying jewellery of Rs. 1,58,62,924/. On interrogation, the Petitioner stated that he was the proprietor of M/s Shrimati Gems and Jewels, Ansari Road, Daryaganj, Delhi and the said jewellery belonged to his entity. In order to verify the said claim, summons under section 131(1 A) of the Act dated 10.09.2018, was issued to M/s Shrimati Gems and Jewels whereby it was asked to....

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....of persons within his jurisdiction, then for the purpose of making an enquiry or investigation relating thereto, it shall be competent for him to exercise the powers conferred under Sub-Section (1) of Section 131, notwithstanding that no proceedings with respect to such persons are pending before any Income Tax Authority. Taking into consideration the aforesaid statute, we repeatedly called upon M....