The Jaipur bench of the Rajasthan high court, verbally remarked that it might order an income tax inquiry into the petitioners' properties because it doubted their bonafides, while hearing a plea on demonetisation. The petition was withdrawn by the petitioners.

Petitioners Shankar Lal Gupta and Jitendra Singh, had challenged the Centre's move on the ground that, they were facing serious inconvenience and are unable to meet their day-today expenses due to the sudden cash crunch.

Petitioners' counsel Hemant Nahata, confirmed the court's verbal remarks on the income tax inquiry and said, “The petitioners are ready to disclose their properties if the law requires. We withdrew the writ because our concerns were redressed by the honourable high court.“

“The court being fully convinced with my arguments and bonafides of the government of India, verbally observed that it would give direction to the income tax department to inquire about the property of the petitioners and that it doubted their bonafides,“ state additional solicitor general R D Rastogi said.

The additional solicitor general had informed the bench of Justice K S Jhaveri and Justice Mahendra Maheshwari that the Supreme Court had issued notices to transfer all the petitions regarding demonetisation to it and fixed December 2 for hearing them.

By Premji