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1 - 6 of 6 (0.27 seconds)Section 131 in The Income Tax Act, 1961 [Entire Act]
The Income Tax Act, 1961
Section 132 in The Income Tax Act, 1961 [Entire Act]
Maruti Nivrutti Navale, (Smaller Huf), ... vs Assistant Commissioner Of Income Tax,, ... on 15 November, 2019
19. The reliance by Ms. Nagaraj on the two decisions of this court is
misplaced. The judgment in case of M. N. Navale (supra) is clearly
distinguishable from the facts of the present case, inasmuch as first of all, it
does not deal with a case of seizure of stock-in-trade and secondly, from
paragraph 2 of the said order, it is clear that in the said case, the Petitioner's
themselves wanted the seized goods to be released on providing of an
unconditional bank guarantee for the value of jewellery. Therefore, the said
judgment will not assist the Revenue.
Echjay Industries Pvt. Ltd. And 7 Ors vs Rajendra And 2 Ors on 4 September, 2019
The second judgment is in case of
Echjay (supra). Again, in the said matter, the Petitioners were prepared to
give a bank guarantee for the release of gold jewellery that belonged to the
family members of the directors and the Court was not dealing with a case of
Page 21 of 23
December 8, 2025
Sufiyan Syed - P.A.
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