https://www.taxtmi.com/caselaws?id=204736 The dominant issue was whether the revenue could lawfully retain articles seized during a search in light of s.132B of the Income-tax Act when the affected person had furnished the requisite explanation and applied for release within the prescribed time. The HC held that s.132B permits retention only to the extent necessary for satisfying existing tax liabilities, and absent any recorded, sufficient reason showing such necessity, continued retention is impermissible. Consequently, the HC directed the authorities to release the seized articles to the applicant. en-us Tue, 23 Feb 2010 00:00:00 +0530 Wed, 24 Dec 2025 17:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204736 The dominant issue was whether the revenue could lawfully retain articles seized during a search in light of s.132B of the Income-tax Act when the affected person had furnished the requisite explanation and applied for release within the prescribed time. The HC held that s.132B permits retention only to the extent necessary for satisfying existing tax liabilities, and absent any recorded, sufficient reason showing such necessity, continued retention is impermissible. Consequently, the HC directed the authorities to release the seized articles to the applicant. Case-Laws Income Tax Tue, 23 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204736