Bank locker holding seized jewellery worth Rs 90 lakh disappears; Allahabad HC seeks pay-out

A taxpayer whose gold jewellery, seized by Income Tax authorities and stored in a bank locker, was stolen, has won a compensation case. The Allahabad High Court ruled that the Income Tax Department is responsible for the loss and must compensate the petitioner.

Bank locker holding seized jewellery worth Rs 90 lakh disappears; Allahabad HC seeks pay-out
A taxpayer whose gold jewellery, seized by Income Tax authorities and stored in a bank locker, was stolen, has won a compensation case. The Allahabad High Court ruled that the Income Tax Department is responsible for the loss and must compensate the petitioner.