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TMI Blog2021 (4) TMI 975X X X X Extracts X X X X X X X X Extracts X X X X ..... will be intimated by Mr. Anand to the counsel for the petitioner. It is made clear that before releasing the title deeds, the concerned Assessing Officer will satisfy herself as to whether the statement made before us by Mr. Gulati that the transactions, which are subject matter of the title deeds, stand disclosed in the ITRs filed for the relevant assessment years, as indicated in Annexure-R ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ati, learned senior counsel, who appears for the petitioner-assessee, says that the search of the petitioner-assessee s premises began on 26.10.2020 and continued till 30.10.2020. 3.1. Pursuant to the search, Mr. Gulati says that two immovable properties were put under restraint; these being, the petitioner-assessee s headquarter situated at 13219/6, Gali No.9/1, Shiv Colony, Namdev Road, Bathi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lace only, if they represented, wholly or partly, income or property, which had not been disclosed or would not be disclosed. 4.2. According to Mr. Gulati, since the transactions covered by the said title deeds have already been disclosed in the ITRs for the relevant assessment years, the action of seizure was unwarranted, and contrary to the provisions of Section 132(1)(c) of the Act. 5. Mr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eeds will be released to the authorized representative of the petitioner within the next two weeks. The date of release will be intimated by Mr. Anand to the counsel for the petitioner. 6. It is made clear that before releasing the title deeds, the concerned Assessing Officer will satisfy herself as to whether the statement made before us by Mr. Gulati that the transactions, which are subject m ..... X X X X Extracts X X X X X X X X Extracts X X X X
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