https://www.taxtmi.com/caselaws?id=263558 The court upheld the validity of the authorization under section 132A of the Income Tax Act and the seizure of Rs. 32,64,560/- due to the petitioner's failure to substantiate the source of the cash adequately. The petitioner's request for the release of the seized cash with interest was not granted directly, but the Assessing Officer (AO) was directed to decide on the application within 12 weeks. The court dismissed the challenge to the authorization under section 132A but instructed the AO to address the petitioner's application for cash release in accordance with the law. en-us Tue, 19 Nov 2013 00:00:00 +0530 Fri, 04 Sep 2015 17:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263558 The court upheld the validity of the authorization under section 132A of the Income Tax Act and the seizure of Rs. 32,64,560/- due to the petitioner's failure to substantiate the source of the cash adequately. The petitioner's request for the release of the seized cash with interest was not granted directly, but the Assessing Officer (AO) was directed to decide on the application within 12 weeks. The court dismissed the challenge to the authorization under section 132A but instructed the AO to address the petitioner's application for cash release in accordance with the law. Case-Laws Income Tax Tue, 19 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263558