https://www.taxtmi.com/caselaws?id=9761 The court upheld the validity of notices issued under Section 148 of the Income-tax Act, 1961, stating they were based on reasonable belief with relevant material. The search and seizure conducted by the Income-tax Department were deemed legal as they were supported by credible information. The court allowed reassessment proceedings to determine ownership of seized cash and pawned articles. Consequently, both writ petitions were dismissed without costs. en-us Fri, 05 Nov 2004 00:00:00 +0530 Tue, 30 Jun 2009 16:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9761 The court upheld the validity of notices issued under Section 148 of the Income-tax Act, 1961, stating they were based on reasonable belief with relevant material. The search and seizure conducted by the Income-tax Department were deemed legal as they were supported by credible information. The court allowed reassessment proceedings to determine ownership of seized cash and pawned articles. Consequently, both writ petitions were dismissed without costs. Case-Laws Income Tax Fri, 05 Nov 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9761