2004 (7) TMI 32

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..... has been filed for a direction that bearer bonds of the face value of Rs. 10,000 each having maturity value of Rs. 1,80,000, as in the year 1991, which were seized by the Income-tax Department under section 132 of the Income-tax Act, 1961, on May 15, 1990, as a part of total seizure of Rs. 10,40,635, be returned or the amount of the value of the said bonds with interest be returned to the petition .....

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..... to explain the source and date of acquisition of cash, NSC, NSS, Bearer Bonds, Kisan Vikas Patras and Indira Vikas Patras. Your reply should be presented before me in my office at Jiwan Jyoti Building., Jagadhari Road, Ambala Cantt. on June 6, 1990 at 11.00 a.m. Yours faithfully, (Sd)......... H.L. Chanana, Asstt. CIT, Investigation Circle, Ambala." Thus, it is clear that the bearer bonds in .....

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