Archive · 28 Sep 2025
Allahabad HC Orders Tax Department to Pay for Missing Jewellery
Imagine the Income Tax people took some jewelry from a person named Sanjay.
They gave it to a bank for safekeeping.
But the bank lost the jewelry!
Sanjay asked the court for his money back.
The court agreed and told the Income Tax people to pay Sanjay around 95 lakhs for the missing jewelry.
If they don't pay on time, they'll have to pay extra interest.
The court said the Income Tax people need to make sure they pay Sanjay the correct amount.
This is because the jewelry was lost due to negligence.
Allahabad High Court ordered the Income Tax department to compensate a petitioner.
The compensation is for lost jewellery seized during tax proceedings.
The jewellery was lost while in the custody of a respondent bank.
The court directed the department to verify the petitioner’s valuation.
Failure to comply will attract penal interest.
- Who
- Sanjay Kumar Jain and the Income Tax Department.
- What
- The Allahabad High Court directed the Income Tax department to compensate Jain for missing jewellery.
- When
- The court order was issued recently; details of the specific date when the jewellery was lost are not available in the provided text.
- Where
- Allahabad High Court
- Why
- The jewellery was lost while in the custody of a respondent bank after being seized by the Income Tax authorities.
- Court
- Allahabad High Court
- Petitioner
- Sanjay Kumar Jain
- Payment Amount
- Rs 94.65 lakh
- Interest Rate (if late)
- 9% per annum
- Jewellery Status
- Lost in bank's custody