No automatic release of seized assets u/s 132B If no order is passed within 120 days – High Court
March 24, 2024
High Courts, Income Tax
Section 132B of Income Tax Act 1961 does not stipulate that if no order is passed within 120 days, seized assets must be released – High Court In a recent judgment, the Hon’ble Allahabad High Court has held that Section 132B of Income Tax Act 1961 does not …