https://www.taxtmi.com/caselaws?id=175287 Judicial review of a section 132A authorisation is limited to checking whether the record shows relevant material and a rational nexus for the belief recorded; it does not permit reassessment of the sufficiency of information as on appeal. On the facts, the authority had material supporting the warrant, so the authorisation stood. The court also held that seized cash could not be retained indefinitely beyond the statutory tax consequence attached to undisclosed income under the block assessment scheme. Since the respondents could not justify holding the entire amount, partial release of the balance was directed, while taxability remained open before the income-tax authorities. en-us Tue, 06 Aug 1996 00:00:00 +0530 Tue, 17 Nov 2015 16:51:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175287 Judicial review of a section 132A authorisation is limited to checking whether the record shows relevant material and a rational nexus for the belief recorded; it does not permit reassessment of the sufficiency of information as on appeal. On the facts, the authority had material supporting the warrant, so the authorisation stood. The court also held that seized cash could not be retained indefinitely beyond the statutory tax consequence attached to undisclosed income under the block assessment scheme. Since the respondents could not justify holding the entire amount, partial release of the balance was directed, while taxability remained open before the income-tax authorities. Case-Laws Income Tax Tue, 06 Aug 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175287