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Revenue Department cannot seize cash which does not form part of stock in trade


Last updated: 08 August 2023

Court :
Supreme Court of India

Brief :
The Hon'ble Supreme court in the matter of State Tax Officer v. Shabu George (Ib) Special Leave Petition (SLP) No.27670/2023 dated July 31, 2023]dismissed the SLP filed by the Revenue Department against the order of the Hon'ble Kerela High Court ordering the Revenue Department to release the cash seized during the search since, such cash does not forms part of stock in trade of business.

Citation :
State Tax Officer v. Shabu George (Ib) Special Leave Petition (SLP) No.27670/2023 dated July 31, 2023

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