Gold and Cash Seized in Search Released on Payment of Advance Tax

Koshaliya Devi Rastogi Vs A/DCIT (Delhi High Court) Delhi High Court Orders Conditional Release of Seized Jewellery and Cash on Advance Tax Deposit The Delhi High Court disposed of a batch of writ petitions filed by members of the Rastogi family, seeking release of gold jewellery, bullion, cash and forex seized during a search conducted between 17.12.2024 and 20.12.2024. The petitioners contended that the seized assets were fully explained, that they were regular assessees, and that proceedings under Section 158BC had not yet been concluded. Taking note of the personal and humanitarian circums...