Seizure of jewellery valid as legitimacy of jewellery not substantiated

Dia Gold Jewels Private Limited Vs PCIT (Calcutta High Court) Calcutta High Court held that seizure of jewellery is valid since legitimacy of jewellery not substantiated; discrepancies are found in documentation and weight and there was reasonable belief of potential wrongdoing. Facts- The petitioner, a Private Limited Company, operates under the Company Law, specializing in the design, craftsmanship and sale of fine gold and studded stone jewellery. In November 2022, the petitioner planned an exhibition in Ranchi in association with one Devika Dhanuka, scheduled for November 14-15, 2022, at D...