RAJESH GUPTA & ORS. vs ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE 31 DELHI & ORS.

* IN THE HIGH COURT OF DELHI AT NEW DELHI % Judgment Reserved on: 11.11.2025 Judgment delivered on: 23.12.2025 Judgment uploaded on: As per Digital Signature~ W.P.(C) 12433/2025 & CM APPL. 50663/2025 RAJESH GUPTA & ORS. .....Petitioners versus ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE 31 DELHI & ORS. .....Respondents Advocates who appeared in this case For the Petitioners : Ms Kavita Jha, Sr Advocate with Mr Vaibhav Kulkarni and Mr Himanshu Aggarwal, Advocates For the Respondents : Mr. Indruj Singh Rai, SSC Mr. Sanjeev Menon, Mr. Rahul Singh, JSCs and Mr. Gaurav Kumar, Advocate. CORAM: HON'BLE MR. JUSTICE V. KAMESWAR RAO HON'BLE MR. JUSTICE VINOD KUMAR JUDGMENT V. KAMESWAR RAO, J. 1. This petition has been filed with the following prayers: “a. quashing the impugned order dated 18.07.2025 passed by Respondent No. 1; and b. releasing the Gold (Coins) and jewellery seized in terms of Annexures B-1, B-2, J-1, J-2, J-3 & J-4 [Annexure C to the 2. This present petition is a second round of litigation before this Court. The petitioners no. 1 and 2 are husband and wife and the petitioners no. 3 and 4 are their children. The brief factual background surrounding the case is that th