Tax dept releases seized 6.8 kg gold as family pays Rs 2.5 crore advance tax and cited upcoming wedding as need for this gold

A Delhi family has successfully reclaimed 6.8 kg of gold and Rs 40 lakh cash. The Delhi High Court permitted the release after the family paid Rs 2.5 crore as advance tax. The seized items were taken during an income tax search. The family cited an upcoming wedding as the reason for needing the gold.

from Tax-Wealth-Economic Times https://ift.tt/zMAi7KJ