https://www.taxtmi.com/caselaws?id=368968 The court dismissed the writ petition challenging the action under Section 132A(1) of the Income Tax Act, 1961. It upheld the non-disclosure of the "reason to believe" as per the provisions of Section 132A and denied the release of the seized amount of Rs. 14,00,000/-, stating that the petitioners can claim it after the Income Tax Department completes its proceedings. The court distinguished cited cases that did not address the non-disclosure provision and emphasized the validity of the non-disclosure rule upheld in a Supreme Court judgment. en-us Fri, 07 Sep 2018 00:00:00 +0530 Tue, 16 Oct 2018 17:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368968 The court dismissed the writ petition challenging the action under Section 132A(1) of the Income Tax Act, 1961. It upheld the non-disclosure of the "reason to believe" as per the provisions of Section 132A and denied the release of the seized amount of Rs. 14,00,000/-, stating that the petitioners can claim it after the Income Tax Department completes its proceedings. The court distinguished cited cases that did not address the non-disclosure provision and emphasized the validity of the non-disclosure rule upheld in a Supreme Court judgment. Case-Laws Income Tax Fri, 07 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368968