2014 (7) TMI 349

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..... r, which is required to be returned to the petitioner, is not identified and/or verified, as at the initial stage when the cash, gold and silver were seized, all were mixed, on proper identification and verification with the assistance of the representative of the petitioner and on producing the indemnity bond of the like amount so that in future if anybody claims the same, the same can be recover .....

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..... ease the silver of the petitioner weighing 251.380 kg forthwith. 3. It appears that there was a raid of the police at platform No.16 of old Delhi Railway Station of the luggage van of Ashram Express and in the course of the search and seizure operation, cash, gold, silver bar and jewellery were seized and panchnama of the same in the case of one Shri Sarvankumar Gurjar was drawn. At the relevan .....

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..... ove assets should be made in the hands of real owners, who owns the same. Under the circumstances, assessment under Section 153A was made in various cases of Angadia (Courier agents). It is the case on behalf of the petitioner-M/s. Bharatkumar Pravinkumar and Co. that assessment order under Section 153C read with Section 143(3) of the Act came to be passed on 02/11/2010 adding ₹ 20,93,727/- .....

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..... appeared on behalf of the respondents. It is not in dispute that as such the Assessing Officer had already passed an order to release 251.380 kg of silver. Ms. Bhatt, learned advocate appearing on behalf of the respondents has submitted that however in view of the fact that 251.380 kg of silver, which is required to be returned to the petitioner, is not identified and/or verified, as at the initi .....

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..... drawn dated 03/03/2004, which is assessed in the income of the petitioner pursuant to the order passed by the Delhi High Court and as per the subsequent assessment order, on proper identification and verification and on furnishing the indemnity bond by the petitioner of the like amount with the Department, with the assistance of the representative of the petitioner. The aforesaid exercise shall b .....

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