https://www.taxtmi.com/caselaws?id=11063 The court held that the fresh prohibitory order issued under section 132(3) of the Income-tax Act was ultra vires and without jurisdiction. Additionally, the court determined that the money in the bank for honouring manager's cheques did not belong to the petitioners at that moment and could not be seized forcibly by Revenue officials. Specific instructions were given for handling the proceeds from the manager's cheques to maintain a balance between the parties' interests until a final decision was reached. en-us Tue, 27 Apr 2004 00:00:00 +0530 Thu, 30 Jul 2009 12:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11063 The court held that the fresh prohibitory order issued under section 132(3) of the Income-tax Act was ultra vires and without jurisdiction. Additionally, the court determined that the money in the bank for honouring manager's cheques did not belong to the petitioners at that moment and could not be seized forcibly by Revenue officials. Specific instructions were given for handling the proceeds from the manager's cheques to maintain a balance between the parties' interests until a final decision was reached. Case-Laws Income Tax Tue, 27 Apr 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11063