AO can not ask indemnity bond for future tax liability for release of seized assets u/s 132B(1)- High Court
April 28, 2018
High Courts, Income Tax
AO can not ask indemnity bond for future tax liability for release of seized assets u/s 132B(1)- High Court deleted the relevant paragraph of the release order. In the instant case, the petitioner assessee had challenged the part of the release order passed by the Income Tax Officer …