https://www.taxtmi.com/caselaws?id=104039 Search and seizure under the Foreign Exchange Regulation Act, 1973 was upheld where the department had relevant material forming reason to believe, and the court would not reappraise the sufficiency of that material; the challenge to illegality or mala fides failed. Proceedings were treated as initiated by timely despatch of the show-cause notice, so later service issues did not invalidate the notice or justify return of seized currency while adjudication remained pending. Allegations of arrest, illegal detention and improper summons under section 40 were not established, and the writ court declined to interfere with ongoing statutory investigation or future action at the threshold. en-us Mon, 06 Nov 1995 00:00:00 +0530 Mon, 27 Feb 2012 13:15:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104039 Search and seizure under the Foreign Exchange Regulation Act, 1973 was upheld where the department had relevant material forming reason to believe, and the court would not reappraise the sufficiency of that material; the challenge to illegality or mala fides failed. Proceedings were treated as initiated by timely despatch of the show-cause notice, so later service issues did not invalidate the notice or justify return of seized currency while adjudication remained pending. Allegations of arrest, illegal detention and improper summons under section 40 were not established, and the writ court declined to interfere with ongoing statutory investigation or future action at the threshold. Case-Laws Companies Law Mon, 06 Nov 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104039