Whether Income Tax Department Can Seek Custody Of Seized Currency From Magistrate: Kerala High Court
In a significant legal development, the High Court of Kerala is set to address a crucial issue pertaining to the Income Tax Act, 1961. The case revolves around the procedure for interim custody of currency notes seized by the police, with conflicting claims arising between individuals and the Income Tax Department. The matter came to light in Crl.M.C No.2516 of 2024, wherein Ankush and Deepa Ankush from Perumbavoor, Ernakulam, petitioned…
