Supreme Court dismisses SLP on released seized items. Income-tax authorities can take action.

The SC dismissed the SLP as the seized items were released from the petitioner's possession. No opinion was given on the HC's findings, but the income-tax authorities can pursue other actions under the Income-tax Act based on the search and seizure inventories.

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The Supreme Court dismissed the Special Leave Petition as the seized articles and money have been released and are no longer in the petitioner's possession. The Court did not express any opinion on the High Court's findings but noted that income-tax authorities can take other proceedings under the Income-tax Act, including using information from the inventories prepared during the search and seizure under section 132.

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