https://www.taxtmi.com/caselaws?id=220212 The court found the income-tax search conducted at the petitioner's premises to be arbitrary and without legal authority as the information relied upon was mere surmise. The warrant of authorization and subsequent proceedings were quashed. The prohibitory orders regarding the petitioner's bank lockers were deemed invalid, leading to the unconditional release of seized items. The court emphasized the necessity for credible information to meet the pre-conditions under Section 132(1) of the Income Tax Act, ultimately declaring the search and proceedings illegal. The writ petition was allowed with no costs imposed. en-us Fri, 11 Jan 2013 00:00:00 +0530 Fri, 28 Jun 2013 12:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220212 The court found the income-tax search conducted at the petitioner's premises to be arbitrary and without legal authority as the information relied upon was mere surmise. The warrant of authorization and subsequent proceedings were quashed. The prohibitory orders regarding the petitioner's bank lockers were deemed invalid, leading to the unconditional release of seized items. The court emphasized the necessity for credible information to meet the pre-conditions under Section 132(1) of the Income Tax Act, ultimately declaring the search and proceedings illegal. The writ petition was allowed with no costs imposed. Case-Laws Income Tax Fri, 11 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220212