B. Kusuma Poonacha Vs Senior Intelligence Officer
Date: February 19, 2024
Subject Matter
GST Authorities Lack Power to Seize Cash as Unaccounted Wealth under Section 67(2)
Summary
This petition is allowed , and the impugned seizure order is set aside . The Court held that the term "things" under Section 67(2) of the CGST Act does not include cash, and thus, authorities lacked jurisdiction to seize cash as unaccounted wealth du…
FULL TEXT OF THE JUDGMENT/ORDER OF KARNATAKA HIGH COURT In this petition, petitioners seeks quashing of the impugned seizure order at Annexure – A2 dated 21.09.2022 issued by the Respondent No.1 in so far as it relates to seizure of cash of Rs.1,71,07,500/- from the premises of the petitioner No.1 and for a consequential direction to the respondents to refund the said cash / amount back to the pet…