Seized Jewellery Must Be Released After Full Tax Settlement: Gujarat HC

Jigishaben Minesh Patel Vs ACIT (Gujarat High Court) The Gujarat High Court allowed a writ petition seeking release of jewellery seized during an income-tax search, holding that continued detention of the jewellery was illegal after the petitioner had discharged the entire tax liability under the Vivad Se Vishwas Scheme, 2020. A search under Section 132 of the Income Tax Act, 1961 was conducted on 02.12.2015 in the Bipinchandra Patel Group, including the petitioner. During the search, gold and diamond jewellery valued at ₹1.53 crore belonging to the petitioner and her family members was foun...