Rakesh Sarin v. Director of Income-tax, (Investigation), Chennai / Dy. Director of Income-tax, (Investigation), Chennai / Commissioner of Income-tax, Chennai / Standard Chartered Bank, Chennai
[Citation -2017-LL-0711-17]
Citation | 2017-LL-0711-17 |
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Appellant Name | Rakesh Sarin |
Respondent Name | Director of Income-tax, (Investigation), Chennai / Dy. Director of Income-tax, (Investigation), Chennai / Commissioner of Income-tax, Chennai / Standard Chartered Bank, Chennai |
Court | HIGH COURT OF MADRAS |
Relevant Act | Income-tax |
Date of Order | 11/07/2017 |
Judgment | View Judgment |
Keyword Tags | block assessment • seized assets • seized money |
Bot Summary: | In 2 Writ Petition, filed under Article 226 of the Constitution of India, for issuance of Writ of Mandamus, directing the respondents 1 to 3 to forthwith return to the petitioner the 28 items of securities seized from the petitioner on 11th June; five items seized from the petitioner's residence on 17th June 2003; and 5 items seized from standard chartered Bank particulars of all such items being furnished hereunder, and 3 items of FDRs which stand in the name of Bhushan Arora which have been seized from the petitioner and which have been unjustly encashed by the respondents and also refund to the petitioner the entire amount realized by the respondents by encashment of the securities. For Petitioner : Mr.M.P.Senthil Kumar For Respondents 1to 3 : Mr.A.P.Srinivas Senior Standing Counsel and Mr.A.N.Jeyaprathap Standing Counsel Respondent-4 : Mr.S.Vasudevan ORDER Heard Mr.M.P.Senthil Kumar, the learned counsel appearing for the petitioner, Mr.A.P.Srinivas, learned Senior Standing Counsel and Mr.A.N.Jeyaprathap, the learned Standing Counsel for respondents 1 to 3, and Mr.S.Vasudevan, the learned counsel for the fourth respondent. The petitioner has filed this Writ Petition, praying for issuance of a writ of mandamus, to direct the respondents 1 to 3 to forthwith return to the petitioner, 28 items of securities seized from the petitioner on 11.06.2003 ; five items seized from the petitioner's residence on 17.06.2003, and 5 items seized from the Standard Chartered Bank, and 3 items of FDRs, which stand in the name of Bhushan Arora, and also to refund to the petitioner the entire amount realized by the respondents by encashment of those securities. 874 of 2011, challenging the order passed in the Writ Petition filed by the petitioner, in W.P.No. Since the Appeal has been directed to be heard afresh by the Tribunal, interim injunction, which was granted in the Writ Petition shall continue till the Appeal is disposed of by the Tribunal. In the light of the above, the Writ Petition is disposed of. Connected Miscellaneous Petition is closed. |