Telangana High Court rebukes IT dept, orders return of Rs 5 crore seized from firm
3 years, 11 months ago

Telangana High Court rebukes IT dept, orders return of Rs 5 crore seized from firm

Deccan Chronicle  

HYDERABAD: Pointing to technical flaws and procedural faults by the income-tax authorities here regarding the Rs 5 crore that were seized from a private firm, which did not have books of accounts, the Telangana High Court directed the authorities to refund the amount to the person from whom it had been seized along with 12 per cent interest. The petitioner contented that the task force had detained him and certain others on August 13, 2019, for carrying Rs 5 crore and handed him over to the I-T department four days later, only after a habeas corpus was filed for illegal detention. The I-T department explained that it had seized the money on October 28, 2019, after conducting panchnama and issuing a search warrant under Section 132 of the I-T Act. If the petitioner was going to disclose and explain the cash of Rs 5 crore in the I-T returns for 2019-20, there was no basis for proceeding with any coercive action against the petitioner, the court said.

History of this topic

Karnataka High Court Quashes FIR Against BJP State President BY Vijayendra For Allegedly Extorting Money Under Guise Of Electoral Bonds
1 week, 1 day ago
Telangana HC Orders Disciplinary Action Against Revenue Officials For Altering Land Entries In Private Party's Favour Despite Status Quo Order
2 weeks, 2 days ago
Supreme Court Issues Notice On Senior Advocate's Plea To Quash FIR Alleging That He Took Rs. 7 Crore From Client To Influence Judges
3 weeks ago
Rs 5k fine for filing false contempt case in Telangana
3 weeks, 4 days ago
Legal Briefs | Govt officers in Telangana face contempt heat in land acquisition case
1 month ago
Telangana HC rejects plea for CBI probe into land allotments to IMG Bharata
3 months, 1 week ago
Telangana High Court Quashes Tax Authority's Show Cause Notices To Assessee As Demand Was Settled Under State's One Time Settlement Scheme
3 months, 2 weeks ago
Telangana HC Seeks Reply on Farmers’ Plea on Pharma City
3 months, 3 weeks ago
Karnataka High Court Refuses To Quash Complaint Against Police Inspector Booked For Not Depositing Seized Amount With State Treasury
4 months, 1 week ago
Telangana: Criminal Case Against Somesh for Tax Fraud
4 months, 3 weeks ago
Karnataka High Court notice to State govt on Union Bank of India’s plea for transfer of Maharshi Valmiki Corporation’s multi-crore scam probe to CBI
5 months ago
Telangana HC hears KCR’s plea on power purchase, building power plants
5 months, 3 weeks ago
Telangana High Court Refuses To Quash FIR Against Senior Advocate Accused Of Accepting Bribe To Influence Judges
5 months, 4 weeks ago
Poll Panel Empowered To Issue SOPs During MCC
7 months ago
Rs 98 Crore Cash Seized for MCC Violations Remains Unclaimed
7 months, 1 week ago
Seizure of ₹3.99 crore | Madras High Court dismisses plea for a probe by ED under money laundering law
8 months ago
Seizure of ₹3.99 crore | Madras High Court orders notice to ED on plea to take action against BJP’s Nainar Nagenthran and Congress’s C. Robert Bruce
8 months ago
I-T Reprieve for Congress Till Polls
8 months, 3 weeks ago
Legal Briefs | Telangana HC junks challenge to allotment of land to IHS
8 months, 3 weeks ago
I-T department raised tax demand in 2021 but you did not act, Delhi High Court tells Congress
9 months, 1 week ago
Poll Panel Assures To Give ‘Nazari Naksha’ to BJP Candidate
9 months, 2 weeks ago
Supreme Court Quashes Money Laundering Case Against Karnataka Dy CM DK Shivakumar & Aide
9 months, 2 weeks ago
Petitioners Abuse Process of Law, Fined One Lakh in Costs
10 months, 2 weeks ago
Properties over Rs 140 crore found in Telangana official's premises
11 months ago
TS HC Issues Notices to Government on Allocation of Rs 2.45 Crore to Tablighi Jamaat
11 months, 3 weeks ago
'Fraud & Abuse Of Process Of Law': Telangana High Court Dismisses Appeal For Suppression Of Material Facts, Upholds 25K Costs
1 year ago
Telangana High Court Issues Notice On Plea Challenging Condition Of 50% Deposit For Preferring Appeals Under Consumer Protection Act 2019
1 year, 1 month ago
Telangana HC Relief to Gangula Kamalakar
1 year, 1 month ago
Telangana High Court Upholds Legal Limits on Lok Ayukta\'s Authority
1 year, 1 month ago
Telangana HC reserves verdict on defamation against TV channel
1 year, 2 months ago
Telangana HC suspends Mankhal 2BHK flat list
1 year, 2 months ago
Telangana High Court quashes TSHRC orders
1 year, 4 months ago
Telangana High Court Issues Notice To State Human Rights Commission On Plea Challenging Closure Of Proceedings In 2005 Custodial Torture Case
1 year, 5 months ago
Telangana High Court Issues Notice On PIL Challenging Allotment Of Govt Land To Ruling Bharat Rashtra Samithi
1 year, 5 months ago
Telangana HC's Verdicts: Appointments, Desilting, Compensation, and More
1 year, 6 months ago
Tax Deposited During Search Can't Be Retained By Department Till Adjudication Of Notice: Punjab and Haryana High Court
1 year, 7 months ago
Case against MRO
1 year, 9 months ago
Central tax asked to pass assessment orders
1 year, 9 months ago
HC division bench reverts writ petition over ‘faulty’ order by single judge
1 year, 9 months ago
Telangana thriving despite Centre creating hurdles: Finance Minister T Harish Rao
1 year, 10 months ago
Search And Seizure Of Cash And Jewellery By ED Without Recording The ‘Reasons To Believe’: Telangana High Court Quashes Seizure
1 year, 11 months ago
Tax Cases Weekly Round-Up: 18 December to 24 December 2022
2 years ago
No relief to TRS MP Nama Nageshwar Rao in ED case
2 years ago
Margadarsi case: Supreme Court issues notices to Ramoji Rao, RBI, TS government
2 years, 3 months ago
Courts Can Exercise Judicial Review In Contractual Matters Only If Malafide/ Arbitrariness Is Shown: Telangana High Court
2 years, 5 months ago
Weekly Round Up Of Tax Cases : 1 May To 7 May, 2022
2 years, 7 months ago
Order 1 Rule 10 CPC | Impleadment Of Parties Need Not Be Allowed If It Would Lead To Multiplicity Of Proceedings: Telangana High Court
2 years, 7 months ago
Telangana Court Imposes ₹10 Lakh Cost On Filmmaker Who Sought Injunction On Release Of Amitabh Bachchan Starrer 'Jhund'
2 years, 9 months ago
Income-Tax Appellate Tribunal finds no error in Jagan firm\'s value
2 years, 11 months ago
'Every Single Minute Of Court Is Precious': Madhya Pradesh High Court Imposes 50K Cost For Failure To Disclose Pendency Of Appeal Before SC
3 years, 4 months ago

Discover Related