https://www.taxtmi.com/caselaws?id=17254 The High Court partially allowed the writ petition, emphasizing the importance of following legal procedures and obtaining proper assessments before realizing assets or withdrawing funds. The judgment highlighted the limitations on the authority of the Income-tax Officer and the necessity of complying with legal provisions while dealing with seized assets during income tax searches. The court directed the authorities to redeposit the withdrawn amount, cancel the bank draft, and restrain from encashing fixed deposit receipts without proper assessment. en-us Tue, 13 Aug 1996 00:00:00 +0530 Mon, 21 Sep 2009 11:26:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17254 The High Court partially allowed the writ petition, emphasizing the importance of following legal procedures and obtaining proper assessments before realizing assets or withdrawing funds. The judgment highlighted the limitations on the authority of the Income-tax Officer and the necessity of complying with legal provisions while dealing with seized assets during income tax searches. The court directed the authorities to redeposit the withdrawn amount, cancel the bank draft, and restrain from encashing fixed deposit receipts without proper assessment. Case-Laws Income Tax Tue, 13 Aug 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17254