Bombay High Court Directs RBI To Accept Old Demonetized Bank Notes Seized By Income Tax Department

Bombay High Court Directs RBI To Accept Old Demonetized Bank Notes Seized By Income Tax Department

The Bombay High Court ruled for Kolhapur residents, directing the RBI to accept ₹20 lakh in old demonetized notes confiscated during a December 2016 Income Tax raid, after the petitioners faced deposit issues post the RBI’s cut-off date. Mumbai: The Bombay High Court ruled in favor of a group of Kolhapur residents, directing the Reserve … Read more