Requisition of seized cash u/s. 132A of Income Tax Act allowed: Gujarat HC

Dy. Director of Income Tax (Investigation) Vs State of Gujarat & Ors. (Gujarat High Court) Gujarat High Court held that requisition of seized cash allowed under section 132A of the Income Tax Act and directed that the income tax department shall be free to undertake all actions permitted under the law and shall deposit the entire amount in the P.D. Account. Facts- The respondent no.2 has lodged FIR for the offences u/s. 454 and 380 of the Indian Penal Code on 02.02.2022 alleging inter alia about the theft of golden chain worth of Rs.70,000/-, silver ring worth of Rs.20,000/- totalling to R...