https://www.taxtmi.com/caselaws?id=15966 The court set aside the warrant of authorization issued under section 132A(1) of the Income-tax Act, 1961, directing the release of the remaining seized amount of Rs. 10,00,000 to the petitioners, a company and its officials. The court found that the warrant was issued solely on suspicion without concrete evidence of undisclosed income, emphasizing that suspicion alone cannot justify such warrants. The court highlighted the seized letters indicating the intended use of the cash for customs duty payment, undermining the suspicion of undisclosed income. The Revenue authority was permitted to conduct further inquiries as per income-tax laws. en-us Thu, 01 Apr 1999 00:00:00 +0530 Mon, 31 Aug 2009 12:33:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15966 The court set aside the warrant of authorization issued under section 132A(1) of the Income-tax Act, 1961, directing the release of the remaining seized amount of Rs. 10,00,000 to the petitioners, a company and its officials. The court found that the warrant was issued solely on suspicion without concrete evidence of undisclosed income, emphasizing that suspicion alone cannot justify such warrants. The court highlighted the seized letters indicating the intended use of the cash for customs duty payment, undermining the suspicion of undisclosed income. The Revenue authority was permitted to conduct further inquiries as per income-tax laws. Case-Laws Income Tax Thu, 01 Apr 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15966