https://www.taxtmi.com/caselaws?id=212051 The court upheld the validity of the warrant of authorization issued under Section 132 of the Income Tax Act, 1961, finding it was exercised bona fide. The search and seizure proceedings were deemed lawful as the Director of Income Tax had the requisite belief for valid reasons. Assessment proceedings were upheld, considering the Director's belief was justified. The warrants issued in the name of a dissolved firm were found valid due to legal provisions allowing assessment post-dissolution. The search of residential premises was deemed legal as warrants were also in individual names. The court allowed the retention of seized documents but permitted the petitioner to take copies. The petition was dismissed without costs. en-us Mon, 02 Apr 2012 00:00:00 +0530 Fri, 27 Nov 2015 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212051 The court upheld the validity of the warrant of authorization issued under Section 132 of the Income Tax Act, 1961, finding it was exercised bona fide. The search and seizure proceedings were deemed lawful as the Director of Income Tax had the requisite belief for valid reasons. Assessment proceedings were upheld, considering the Director's belief was justified. The warrants issued in the name of a dissolved firm were found valid due to legal provisions allowing assessment post-dissolution. The search of residential premises was deemed legal as warrants were also in individual names. The court allowed the retention of seized documents but permitted the petitioner to take copies. The petition was dismissed without costs. Case-Laws Income Tax Mon, 02 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212051