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HomeDirect TaxIncome Tax Dept. To Release of Seized Jewellery After 9 Years: Bombay...

Income Tax Dept. To Release of Seized Jewellery After 9 Years: Bombay High Court

Direct Tax

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By Mariya Paliwala
Income Tax Dept. To Release of Seized Jewellery After 9 Years: Bombay High Court

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The Bombay High Court has directed the Income Tax Department to release jewellery worth over Rs. 40 lakh seized from Mumbai resident, Shardadevi S. Jhunjhunwala, after 9 years. The bench of Justice B. P. Colabawalla and Justice Firdosh P. Pooniwalla held that the Income Tax Department cannot continue to retain seized assets once the statutory…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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