https://www.taxtmi.com/caselaws?id=210488 The court quashed the prohibitory order issued under section 132(3) of the Income-tax Act, restraining the petitioners from operating their bank accounts. It found that the order was invalid as it was issued without forming a belief that the money in the accounts was undisclosed income. The court directed the authorized officer to decide on lockers and safe deposit articles after hearing the petitioners. The court's decision was limited to the prohibitory order and did not address the validity of the search and seizure operation. en-us Fri, 12 Aug 2011 00:00:00 +0530 Fri, 14 Dec 2012 17:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210488 The court quashed the prohibitory order issued under section 132(3) of the Income-tax Act, restraining the petitioners from operating their bank accounts. It found that the order was invalid as it was issued without forming a belief that the money in the accounts was undisclosed income. The court directed the authorized officer to decide on lockers and safe deposit articles after hearing the petitioners. The court's decision was limited to the prohibitory order and did not address the validity of the search and seizure operation. Case-Laws Income Tax Fri, 12 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210488