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Court Upholds ITAT Ruling: Seized Cash is Professional Income, Warns Revenue Department Against Harassment of Taxpayers.

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....Return of the money / cash which was seized - ITAT accepted observed that the cash seized from Petitioner is the professional income and therefore cannot be treated as unexplained income - The contention of the revenue that the ITAT erred and the Court should not consider the order of the ITAT is highly objectionable. If the Officers of the Income Tax Department are allowed to continue this way, it will result only in undue harassment to assessees and chaos in administration of tax laws. - HC....

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Court Upholds ITAT Ruling: Seized Cash is Professional Income, Warns Revenue Department Against Harassment of Taxpayers.