Tag Archives: Sections 132A

seized cash released as the AO did not act within stipulated time

By | February 13, 2016

Held The application of the petitioner for the purpose of releasing of the seized asset, which was made on 17.04.2014, came to be decided only on 20.07.2015 i.e. over one year later. In the meantime, the petitioner had sent two reminders. Action of the Assessing Officer cannot be countenanced. Impugned order dated 20.07.2015 is set… Read More »