R.V.RAVEENDRAN, K.S.RADHAKRISHNAN
Rajendran Chingaravelu – Appellant
Versus
R. K. Mishra, Addl. Commissioner of I T – Respondent
ORDER
R.V. Raveendran, J. —
Leave granted. Heard.
2. The case of the appellant in brief is as follows the appellant, a Computer Engineer, who was lucratively employed in United States of America for more than ten years, returned to India with his earnings and took up employment in Hyderabad in the year 2006. He wanted to buy a property at Chennai. But his attempts were not fruitful. He was advised that if he wanted to buy a good plot, he must be ready to pay a considerable part of the sale price in cash as advance to the prospective seller. When the appellant ultimately identified a prospective seller, he wanted to go to Chennai with a large sum and finalise the deal. He contacted the Reserve Bank of India, ICICI Bank (his - Banker) and the Airport Authorities to find out whether he can carry. a large sum of money in cash 1 - while traveling. He was informed that there was no prohibition. Thereafter he drew Rs.65 lakhs from his bank. He traveled by air from Hyderabad to Chennai on 15.6.2007, carrying the said cash. At the Hyderabad Airport, he disclosed to the security personnel who checked his baggage that he was carrying cash of Rs.65 lakhs along with a bank certificate certify
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