https://www.taxtmi.com/caselaws?id=12705 The High Court ruled in favor of the assessee, holding that the income-tax authority exceeded its jurisdiction by impounding documents during a survey under section 133A. The Court emphasized that tax authorities lack the power to impound documents during such surveys, aligning with the prohibition in section 133A(4). Additionally, the Court upheld the Tribunal's order to release the impounded documents despite the Settlement Commission's admission, emphasizing the enforceability of the Tribunal's directions. Penalties imposed on the assessee under section 272A(1)(c) were canceled due to procedural irregularities in the assessment proceedings. en-us Fri, 22 Mar 2002 00:00:00 +0530 Thu, 21 May 2009 13:23:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12705 The High Court ruled in favor of the assessee, holding that the income-tax authority exceeded its jurisdiction by impounding documents during a survey under section 133A. The Court emphasized that tax authorities lack the power to impound documents during such surveys, aligning with the prohibition in section 133A(4). Additionally, the Court upheld the Tribunal's order to release the impounded documents despite the Settlement Commission's admission, emphasizing the enforceability of the Tribunal's directions. Penalties imposed on the assessee under section 272A(1)(c) were canceled due to procedural irregularities in the assessment proceedings. Case-Laws Income Tax Fri, 22 Mar 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12705