Tag: cash seized

SC declines to interfere with HC order seeking intervention of PM office for action against Income Tax officials In a recent order, Hon’ble Supreme Court has declined to interfere with Hon’ble Bombay High Court judgment seeking intervention of PM office to take action against Income Tax officials for …

For payment of interest on refund of amounts paid as tax is quite different from amount seized from the possession of a person –High Court  In a recent judgment, Hon’ble High Court has held that for payment of interest, refund of amounts paid as tax or deemed tax …

No Addition can be made on the basis of suspicion for cash seized at the time of Assembly Election In a recent judgment, ITAT Lucknow has deleted addition u/s 69A holding that no Addition can be made on the basis of suspicion for cash seized at the time …

Large cash seized from State not where business is carried is unexplained income In a recent judgment, the ITAT Pune has held given the facts, that large amount of cash seized from the assessee at State other than where he carried business can not be accepted as business …