https://www.taxtmi.com/caselaws?id=5943 The Supreme Court upheld the High Court's decision that the search and seizure warrants issued under Section 132 of the Income-tax Act were illegal as the money was in the legal and physical possession of the Customs authorities. The Court emphasized that possession in the context of Section 132 referred to physical custody, and the actions taken by the Income-tax authorities conflicted with the provisions of the Customs Act. The appeal was dismissed, with the observation that the Income-tax authorities could seek appropriate legal measures to recover the money or documents. en-us Thu, 17 Jul 1986 00:00:00 +0530 Sat, 21 Feb 2015 13:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5943 The Supreme Court upheld the High Court's decision that the search and seizure warrants issued under Section 132 of the Income-tax Act were illegal as the money was in the legal and physical possession of the Customs authorities. The Court emphasized that possession in the context of Section 132 referred to physical custody, and the actions taken by the Income-tax authorities conflicted with the provisions of the Customs Act. The appeal was dismissed, with the observation that the Income-tax authorities could seek appropriate legal measures to recover the money or documents. Case-Laws Income Tax Thu, 17 Jul 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5943