‘Document relating to cash seizure prepared by officer was fabricated’
Observing that seizure of ₹5 crore by Hyderabad Income Tax officials nearly 18 months ago from a private company employee was illegal, the Telangana High Court directed them to refund the money within four weeks.
The order was passed by a bench of Justices M.S. Ramachandra Rao and T. Amarnath Goud in two writ petitions, one filed by M/s Mectec and the other by its employee Vipul Kumar Patel.
The bench also directed the Director of Income Tax (Investigation) - Hyderabad and the Deputy Director of IT Unit-I (3) to pay an interest of 12% per year to the company from the date of seizure of the cash till date of refund of the money.