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Interest on non-renewal of ₹2.22 Cr FDs should be recovered from Officers’ Salary: Bombay HC
Case Law Details
- Case Name
- Ramkaran Karwa Vs Union of India (Bombay High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Bombay High Court
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Ramkaran Karwa Vs Union of India (Bombay High Court)
Conclusion: Commissioner of GST and Central Excise ( CX ) was directed to recover interest from the salaries or retirement benefits of officers responsible for the non-renewal of fixed deposits ( FDs ) arising from seized cash during an investigation.
Held: Assesee’s residence premises were searched and a sum of Rs.2,06,33,000/- was seized on the allegation that same constituted unaccounted receipts arising out of sales made by Perfect Containers Pvt. Ltd. In the course of said investigation Rs.15,94,000/-was also se...
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