https://www.taxtmi.com/caselaws?id=210194 The court allowed the writ petition challenging the validity of the search and seizure operation under the Income-tax Act. It held that the seizure was invalid as the Income-tax Department lacked valid reasons to believe the money in the current account was undisclosed income. The court quashed the warrant of authorization and directed the Department to return Rs. 12.39 crores with interest to the petitioner's account. Additionally, it recommended an inquiry into the alleged improper actions of the tax officials. en-us Wed, 18 May 2011 00:00:00 +0530 Fri, 27 Apr 2012 12:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210194 The court allowed the writ petition challenging the validity of the search and seizure operation under the Income-tax Act. It held that the seizure was invalid as the Income-tax Department lacked valid reasons to believe the money in the current account was undisclosed income. The court quashed the warrant of authorization and directed the Department to return Rs. 12.39 crores with interest to the petitioner's account. Additionally, it recommended an inquiry into the alleged improper actions of the tax officials. Case-Laws Income Tax Wed, 18 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210194