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Karnataka HC Rejects Review Petition by Revenue Against Release of Seized ₹2 Crore
Case Law Details
- Case Name
- Deputy Director of Income Tax Vs CMS Info Systems Ltd. (Karnataka High Court)
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- Courts
- All High Courts, Karnataka High Court
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Deputy Director of Income Tax Vs CMS Info Systems Ltd. (Karnataka High Court)
Karnataka HC: Review Petition by Revenue Against Release of Seized ₹2 Crore Dismissed – Matter Remains Remitted for Fresh Consideration u/s 132B
The Karnataka High Court (Kalaburagi Bench) dismissed a review petition filed by the Revenue challenging its earlier order dated 14.11.2024 in W.P. No.200997/2023. The earlier order had set aside the rejection of assessee’s application u/s 132B seeking release of seized cash of ₹2 crore & remitted the matter back to the Deputy Director of Income Tax for fresh con...
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