https://www.taxtmi.com/caselaws?id=20127 The court upheld the lawfulness of a search and seizure conducted under section 132(1) of the Income-tax Act, emphasizing the valid recording of reasons by the Director of Investigation. Additionally, the court affirmed the validity of penalty imposition under section 132(5), clarifying the procedural requirements and the need for a separate notice for penalty imposition. Consequently, the court dismissed the petitioner's challenges, ruling in favor of the Income-tax Department and denying the writ petition without costs. en-us Thu, 05 Nov 1992 00:00:00 +0530 Wed, 11 Nov 2009 18:22:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20127 The court upheld the lawfulness of a search and seizure conducted under section 132(1) of the Income-tax Act, emphasizing the valid recording of reasons by the Director of Investigation. Additionally, the court affirmed the validity of penalty imposition under section 132(5), clarifying the procedural requirements and the need for a separate notice for penalty imposition. Consequently, the court dismissed the petitioner's challenges, ruling in favor of the Income-tax Department and denying the writ petition without costs. Case-Laws Income Tax Thu, 05 Nov 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20127