Subscribe To Our Free Newsletter:

K.C.C. Software Ltd vs. DIT (Inv.) (Supreme Court)

COURT:
CORAM:
SECTION(S):
GENRE:
CATCH WORDS:
COUNSEL:
DATE: (Date of pronouncement)
DATE: January 31, 2008 (Date of publication)
AY:
FILE:
CITATION:

Cash in bank is conceptually different from cash in hand. It is not permissible for the Revenue to withdraw money from the attached bank accounts. However, as the order u/s 132B was not challenged, no relief given. Directions given for deposit of seized moneys in fixed deposit.

Top