2022 (6) TMI 243

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....es that as part of income tax survey operations, the premises of the petitioner was inspected on 17.02.2010, and on issuing summons to him to produce books of account and other original documents, petitioner produced various documents which were impounded under Section 131(3) of the Act. Subsequently, petitioner filed his returns and cleared the entire income tax dues in the year 2010 itself. However, petitioner complains that, respondents are not returning the original documents impounded by them. Petitioner further alleged that he was the Managing Partner of 'Agatti Island Beach Resort', Agatti, in the Union Territory of Lakshadweep and that after the documents were impounded, he filed his income tax returns for the financial year....

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.... It was also pleaded that the department had no objection to release the document of title, if the petitioner clears the tax arrears or provides a sufficient bank guarantee for the tax amount. 4. In the reply affidavit filed by the petitioner, it was pleaded that the entire tax liability of the petitioner had been cleared after paying astronomical amounts as fines and penalty. According to the petitioner, the firm 'Agatti Island Beach Resort' was wound up in the year 2012 and that no demand has been made against him for the last 10 years and had there been any amount due from him, he could have taken the benefit under the 'Vivad Se Vishwas Scheme' launched by the Central Government. It was further pointed out that there w....