Income Tax Dept competent to have Interim Custody of Seized Currency Notes: Kerala HC [Read Order]
The issue arose in several cases where large sums of money, amounting to over ₹180 lakh, were seized by various law enforcement agencies
By Manu Sharma - On September 21, 2024 5:18 pm - 2 mins read
The Kerala High Court has ruled that the Income Tax Department is competent to seek interim custody of currency notes seized during searches and seizures, pending the completion of assessment or trial. The Division Bench of Justice P B Suresh Kumar and C Pratheep Kumar, in its recent judgement, addressed the conflicting views on whether…
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