Can Seized Cash Be Refunded if a SCN Demands Its Use for Tax Liability?

Coronation Fireworks Factory Vs Joint Director (Madras High Court) Madras High Court recently examined a significant case involving the Coronation Fireworks Factory and the Joint Director. The primary issue was whether a refund could be demanded for cash seized under Section 67 of the GST Act when a show cause notice (SCN) is issued for its appropriation against tax liability. On October 8, 2020, an inspection led to the seizure of Rs. 1,82,25,000 from a partner of the petitioner, K. Jeyashankar. The seized amount was invested in a Fixed Deposit in the name of the President of India. Subsequen...