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