https://www.taxtmi.com/caselaws?id=9055 The court ruled in favor of the petitioner, finding the authorization warrant under section 132 of the Income-tax Act invalid as the cash was with Customs authorities, not the petitioner. It rejected the argument that Customs held the money for the petitioner, emphasizing the need to follow procedures outlined in the Criminal Procedure Code. The court resolved the conflict between the Income-tax Act and the Customs Act, directing the income-tax department to return the seized money to Customs after deducting any outstanding income tax dues, upholding the rule of law and statutory compliance. en-us Mon, 26 Nov 1973 00:00:00 +0530 Thu, 18 Jun 2009 19:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9055 The court ruled in favor of the petitioner, finding the authorization warrant under section 132 of the Income-tax Act invalid as the cash was with Customs authorities, not the petitioner. It rejected the argument that Customs held the money for the petitioner, emphasizing the need to follow procedures outlined in the Criminal Procedure Code. The court resolved the conflict between the Income-tax Act and the Customs Act, directing the income-tax department to return the seized money to Customs after deducting any outstanding income tax dues, upholding the rule of law and statutory compliance. Case-Laws Income Tax Mon, 26 Nov 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9055