https://www.taxtmi.com/caselaws?id=326950 The court allowed the petition, directing the release of the petitioner's bank accounts within 48 hours. The court emphasized that the freezing of the accounts was unjustified without conclusive proof of fraud and criticized the respondents for delaying investigations while promptly freezing the accounts. The court highlighted the need for public bodies to exercise their powers reasonably and fairly, allowing the investigation to continue in accordance with the law. The judgment did not limit the respondents' powers but underscored that freezing the petitioner's accounts indefinitely without conclusive evidence of fraud was impermissible. en-us Mon, 25 Apr 2016 00:00:00 +0530 Tue, 08 Nov 2016 17:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326950 The court allowed the petition, directing the release of the petitioner's bank accounts within 48 hours. The court emphasized that the freezing of the accounts was unjustified without conclusive proof of fraud and criticized the respondents for delaying investigations while promptly freezing the accounts. The court highlighted the need for public bodies to exercise their powers reasonably and fairly, allowing the investigation to continue in accordance with the law. The judgment did not limit the respondents' powers but underscored that freezing the petitioner's accounts indefinitely without conclusive evidence of fraud was impermissible. Case-Laws Customs Mon, 25 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326950