PURAN MAL AND SONS Vs. UNION OF INDIA
HIGH COURT OF DELHI
GOPAL DAS,PURAN MAL AND SONS
UNION OF INDIA,COMMISSIONER OF INCOME TAX,ASSISTANT COMMISSIONER OF INCOME TAX,CHAIRMAN CENTRAL BOARD OF DIRECT TAXES,DIRECTOR OF INSPECTION (INVESTIGATION),INCOME TAX OFFICER, DISTRICT IV(1)
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MADAN B. LOKUR, J. -
(1.) Petitioner No.1 is a partnership firm while Petitioner No.2 is one of its partners.
(2.) It appears that on 15th/16th October, 1971 the Income Tax Authorities
[particularly the Director of Inspection (Investigation)] conducted a search and
seizure operation in the residential as well as business premises of the
partnership firm and one of its partners, namely, Shri Puran Mal. The search
and seizure operation was conducted in Delhi, Hathras and Bombay. As a result
of the operation, 114 silver bars lying deposited with the Laxmi Commercial Bank
in Delhi and Punjab National Bank in Delhi were seized by the Respondents along
with books of accounts and other documents.
(3.) It was submitted by learned counsel for the Petitioners that the silver
bars belonged to Puran Mal (individual) and not to the partnership firm. We
need not go into this controversy since Puran Mal (Individual) is not before us.;
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