https://www.taxtmi.com/caselaws?id=14520 The court upheld the Revenue's authority to temporarily appropriate seized money until an order under section 132(5) of the Income-tax Act, 1961, emphasizing the Assessing Officer's discretion in deciding the method of handling seized funds. The legality of the search and seizure under section 132(1)(c) was affirmed, along with subsequent orders under sections 132(5) and 132(12). The court found no grounds to challenge the actions taken by the Revenue, leading to the dismissal of the writ petitions challenging the appropriation and legality of the search and seizure operations. en-us Tue, 19 Dec 2000 00:00:00 +0530 Fri, 17 Jul 2009 10:08:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14520 The court upheld the Revenue's authority to temporarily appropriate seized money until an order under section 132(5) of the Income-tax Act, 1961, emphasizing the Assessing Officer's discretion in deciding the method of handling seized funds. The legality of the search and seizure under section 132(1)(c) was affirmed, along with subsequent orders under sections 132(5) and 132(12). The court found no grounds to challenge the actions taken by the Revenue, leading to the dismissal of the writ petitions challenging the appropriation and legality of the search and seizure operations. Case-Laws Income Tax Tue, 19 Dec 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14520