Assessing officer not having reason to believe that the seized cash represented the undisclosed income and rejection of application for release of the same

HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH. C.W.P. No.18727 of 2007 Date of decision: 11.11.2008 Rajinder Kumar Verma Vs. Union of India and others ORDER: 1. This petition seeks a direction for releasing of 10 kgs. of silver jewellery, belonging to the petitioner but seized from his adoptive father on 20.11.1979 during search under Section 132 of the Income Tax Act, 1961 (for short, “the Act”), 2. Case of the petitioner is that during search at the premises of Lachhman Das Verma, adoptive father of the petitioner with whom the petitioner shared the residence an...