https://www.taxtmi.com/caselaws?id=8785 Section 132 of the Income-tax Act permits seizure only after an authorised search of a building or place, and section 132(3) applies only where immediate seizure after such search is impracticable. On the facts, the currency notes in court custody were not shown to have been found in a search by the authorised officer, and the case did not fall within the limited scope of section 132(3). The Magistrate therefore had no basis to hand over the money to the Income-tax Officer for investigation, and the refusal to deliver the currency notes was upheld. en-us Tue, 11 Jul 1972 00:00:00 +0530 Thu, 04 Jun 2009 17:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8785 Section 132 of the Income-tax Act permits seizure only after an authorised search of a building or place, and section 132(3) applies only where immediate seizure after such search is impracticable. On the facts, the currency notes in court custody were not shown to have been found in a search by the authorised officer, and the case did not fall within the limited scope of section 132(3). The Magistrate therefore had no basis to hand over the money to the Income-tax Officer for investigation, and the refusal to deliver the currency notes was upheld. Case-Laws Income Tax Tue, 11 Jul 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8785