Kundan Care Products Ltd. v. Dy.DIT (2020) 113 taxmann.com 90 (All.)(HC) Editorial : SLP of revenue is dismissed; DIT (Inv.) v. Kundan Care Products Ltd. (2020) 269 Taxman 12 (SC)

S. 132 : Search and seizure- Stock in trade- High Court directed to release of seized goods. [Art. 226]

Stock in trade was seized by the department. On writ it was found that Gold Dore Bars, which had been seized were stock-in-trade of assessee and had been imported as raw materials and also those goods were customs cleared. High Court directed that said goods could be released to assessee after proper verification and identification of goods to satisfaction of authority concerned.