Submit bank guarantee of Rs5.73 cr to I-T dept: HC to Maple jewellers

Nagpur | Tuesday | 26th March, 2019

Summary:

The department then approached the HC with contention that the 780 receipts produced by the firm contained same names multiple times. Though the total cash was Rs5.73 crore, some Rs2.5 crore was taken away by three policemen clandestinely, including an officer of assistant police inspector rank. Later, Maple Jewellers approached the cops claiming the amount to be theirs. The I-T department then challenged the order in sessions court by filing revision application. They claimed to have borrowed the gold from other sources, and were repaying price for the same, which was being transferred from the intercepted vehicle..