Gas Cash Solutions (I) Pvt. Ltd. & Anr. v. Asstt. Commr. of Income-tax Anr
[Citation -2015-LL-0224-7]

Citation 2015-LL-0224-7
Appellant Name Gas Cash Solutions (I) Pvt. Ltd. & Anr.
Respondent Name Asstt. Commr. of Income-tax Anr.
Court SUPREME COURT
Relevant Act Income-tax
Date of Order 24/02/2015
Judgment View Judgment
Keyword Tags seized amount
Bot Summary: UPON hearing the counsel the Court made the following ORDER We have heard learned counsel for the parties. Learned counsel for the petitioners has placed before us the assessment order dated 31st March, 2014. The assessment order does not indicate that the amount in question which has been seized i.e. Signature Not Verified Rs.1,18,87,490/- does not belong to the clients of the Digitally signed by Meenakshi Kohli Date: 2015.02.25 06:11:57 IST Reason: petitioner. A copy of the assessment order has been handed over to us in this Court today and is taken on record. We may also mention that in paragraph 7 of the impugned order, the High Court had directed the respondents to complete the inquiry and verification within the time fixed in the Income Tax Act. The order was passed three years ago and the time fixed has long expired. Under the circumstances, we direct the respondents to return the seized amount of Rs.1,18,87,490/- to the petitioner within a period of four weeks from today.


ITEM NO.9 COURT NO.9 SECTION IIIA SUPREME COURT OF INDIA RECORD OF PROCEEDINGS Petition(s) for Special Leave to Appeal (C) No(s). 22826/2012 (Arising out of impugned final judgment and order dated 27/02/2012 in WPC No. 9046/2011 passed by High Court Of Delhi At New Delhi) GAS CASH SOLUTIONS (I) PVT.LTD. & ANR. Petitioner(s) VERSUS ASSTT. COMMNR. OF INCOME TAX & ANR. Respondent(s) (For final disposal) Date : 24/02/2015 This petition was called on for hearing today. CORAM : HON'BLE MR. JUSTICE MADAN B. LOKUR HON'BLE MR. JUSTICE UDAY UMESH LALIT For Petitioner(s) Ms. Kavita Jha,Adv. For Respondent(s) Mr. Gurukrishna Kumar, Sr. Adv. Mr. Arijit Prasad, adv. Ms. Gargi Khanna, Adv. Mrs. Anil Katiyar,Adv. Mr. Badri Prasad Singh,Adv. UPON hearing counsel Court made following ORDER We have heard learned counsel for parties. Learned counsel for petitioners has placed before us assessment order dated 31st March, 2014. assessment order does not indicate that amount in question which has been seized i.e. Signature Not Verified Rs.1,18,87,490/- does not belong to clients of Digitally signed by Meenakshi Kohli Date: 2015.02.25 06:11:57 IST Reason: petitioner. This amount has not been added to 1 income of petitioner. copy of assessment order has been handed over to us in this Court today and is taken on record. We may also mention that in paragraph 7 of impugned order, High Court had directed respondents to complete inquiry and verification within time fixed in Income Tax Act. order was passed three years ago and time fixed has long expired. Under circumstances, we direct respondents to return seized amount of Rs.1,18,87,490/- to petitioner within period of four weeks from today. special leave petition is disposed of. (MEENAKSHI KOHLI) (JASWINDER KAUR) COURT MASTER COURT MASTER 2 Gas Cash Solutions (I) Pvt. Ltd. & Anr. v. Asstt. Commr. of Income-tax Anr
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