Search u/s 132 - Entitlement refund of the seized cash which is ...

Case Laws Income Tax

August 24, 2022

Search u/s 132 - Entitlement refund of the seized cash which is otherwise declared ‘unaccounted money’ and taxed in the hands of the searched person - This Court does not find any fault with the department of having refused to release the seized amount at the relevant point of time or even the refund thereafter. At the same time, declaring the income in the case of the writ- applicant being not taxable, will not ipso facto result into refund of the seized cash, which has otherwise been realized from the searched person. - HC

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Search u/s 132 - Entitlement refund of the seized cash which is ...

Case Laws Income Tax

August 24, 2022

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