Delhi HC ordered release of seized jewellery as AO failed to take action of assessee’s application within 120 days

INCOME TAX : Where assessee filed an application under section 132B for release of jewellery seized during search conducted upon her under section 132 and revenue failed to pass an order on same within stipulated period of 120 days from date on which last authorization for search was executed, entire seized jewellery was to be released to assessee

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000316492/delhi-hc-ordered-release-of-seized-jewellery-as-ao-failed-to-take-action-of-assessee’s-application-within-120-days.aspx