https://www.taxtmi.com/caselaws?id=236342 The Court quashed the search and seizure operations, citing insufficient grounds to justify the authorization under Section 132(1)(c) of the Income Tax Act. The seizure of gold ornaments valued at Rs.6.42 crores was also overturned, emphasizing the necessity of concrete material, not mere suspicion, to support a belief for search and seizure. The Court reiterated its findings from a previous judgment, emphasizing the inadequacy of the reasons recorded by the authorities. en-us Mon, 11 Feb 2013 00:00:00 +0530 Fri, 23 Aug 2013 07:30:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236342 The Court quashed the search and seizure operations, citing insufficient grounds to justify the authorization under Section 132(1)(c) of the Income Tax Act. The seizure of gold ornaments valued at Rs.6.42 crores was also overturned, emphasizing the necessity of concrete material, not mere suspicion, to support a belief for search and seizure. The Court reiterated its findings from a previous judgment, emphasizing the inadequacy of the reasons recorded by the authorities. Case-Laws Income Tax Mon, 11 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236342