{"id":49470,"date":"2024-12-28T21:30:54","date_gmt":"2024-12-28T16:00:54","guid":{"rendered":"https:\/\/itatonline.org\/digest\/m-n-navale-bigger-huf-v-somnath-m-wajale-dy-cit-2015-57-taxmann-com-5-bom-hc\/"},"modified":"2024-12-28T21:30:54","modified_gmt":"2024-12-28T16:00:54","slug":"m-n-navale-bigger-huf-v-somnath-m-wajale-dy-cit-2015-57-taxmann-com-5-bom-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/m-n-navale-bigger-huf-v-somnath-m-wajale-dy-cit-2015-57-taxmann-com-5-bom-hc\/","title":{"rendered":"M.N. Navale (Bigger HUF) v. Somnath M. Wajale, Dy.CIT [2015] 57 taxmann.com 5 (Bom)( HC)"},"content":{"rendered":"<p>In course of search revenue seized jewellery from a premises a larger HUF, a smaller HUF and Karta was present at said premises .\u00a0 Matter\u00a0 is pending for final adjudication to decide whether\u00a0 belong to HUF or Karta . On writ the Court held that\u00a0 as the \u00a0issue of ownership of seized jewellery was a matter which was pending for final adjudication, release of seized jewellery on furnishing of a bank guarantee provided by Karta would not be prejudicial to interest of revenue .\u00a0 (AY. 1999-2000 to 2009 -10 )<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 132 : Search and seizure \u2013 Seizure of Jewellery &#8211;  Release of seized assets  -Bank guarantee \u2013 Matter pending for final adjudication- Belong to HUF or Karta \u2013 Directed to release the jewellery on furnishing of Bank Guarantee .  [ Art . 226 ] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-49470","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-cRU","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/49470","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=49470"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/49470\/revisions"}],"predecessor-version":[{"id":49471,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/49470\/revisions\/49471"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=49470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=49470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=49470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}