Departmental Officers Can Seek Interim Custody of Seized Currency Notes: Kerala HC

Kasinath Rangonda Kanade Vs State of Kerala (Kerala High Court) Kerala High Court held that competent authorities under the Income Tax Act is entitled to seek interim custody of the currency notes that are seized and produced before the Jurisdictional Magistrate. Facts- The central issue in these cases relates to the right of the authorities under the Income-tax Act, 1961 (the Act) to seek interim custody of currency notes seized and produced before the Jurisdictional Magistrate or seized and reported to the Jurisdictional Magistrate in terms of Section 102 of the Code of Criminal Procedure (t...