https://www.taxtmi.com/caselaws?id=23817 The court upheld the constitutionality of section 132(5) of the Income-tax Act and the search conducted by the Income-tax Department. It affirmed the legality of the search and seizure, dismissed the petitioners' claims regarding the obligation of Income-tax officials to collect amounts covered by seized promissory notes, rejected the applicability of section 226(3)(x) of the Act, and barred the plea of wrongful retention of promissory notes based on constructive res judicata. The court found no merit in the petitioners' contentions and awarded no costs. en-us Tue, 23 Aug 1988 00:00:00 +0530 Thu, 14 Jan 2010 14:13:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23817 The court upheld the constitutionality of section 132(5) of the Income-tax Act and the search conducted by the Income-tax Department. It affirmed the legality of the search and seizure, dismissed the petitioners' claims regarding the obligation of Income-tax officials to collect amounts covered by seized promissory notes, rejected the applicability of section 226(3)(x) of the Act, and barred the plea of wrongful retention of promissory notes based on constructive res judicata. The court found no merit in the petitioners' contentions and awarded no costs. Case-Laws Income Tax Tue, 23 Aug 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23817