2024 (9) TMI 747 - SCH - Income Tax

Search warrant u/s 132 - Retention of cash seized in search - as decided by HC 2021 (1) TMI 24 - TELANGANA HIGH COURT very seizure and retention of the cash amount of ₹ 5.00 crore by the respondents from 27.08.2019 till date is illegal and unsustainable - as submitted that even prior to the issuance of the interim order passed by this Court, the petitioner department had complied with the directions issued by the High Court and therefore, nothing survives for consideration of this Court. Petitioner submitted that the proceedings u/s 132 and subsequent assessments have been made. HELD THAT - We find that the special leave petitions have been rendered infructuous. Hence, the special leave petitions are dismissed as infructuous. It is needless to observe that if any proceeding has been initiated by the petitioner department under the provisions of the aforesaid Act, the same may be concluded in accordance with law.

Summary

The Supreme Court dismissed the special leave petitions as infructuous since the petitioner department had complied with the High Court's directions before the interim order was issued. Any pending applications were also disposed of.