https://www.taxtmi.com/caselaws?id=25603 Search powers under section 37 of the Foreign Exchange Regulation Act, 1973 were subject to an officer's honest and reasonable "reason to believe" based on relevant material, and the court could examine whether such material existed and had a nexus with the belief. Where the recorded reasons were not produced and the materials disclosed no lawful basis, the search was treated as a fishing enquiry and therefore unlawful. Documents seized in an unlawful search could not be retained merely because they might assist investigation; unlawful seizure could not confer an advantage on the State, and the seized documents were liable to be returned. en-us Mon, 23 Jun 1986 00:00:00 +0530 Fri, 02 Sep 2016 17:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25603 Search powers under section 37 of the Foreign Exchange Regulation Act, 1973 were subject to an officer's honest and reasonable "reason to believe" based on relevant material, and the court could examine whether such material existed and had a nexus with the belief. Where the recorded reasons were not produced and the materials disclosed no lawful basis, the search was treated as a fishing enquiry and therefore unlawful. Documents seized in an unlawful search could not be retained merely because they might assist investigation; unlawful seizure could not confer an advantage on the State, and the seized documents were liable to be returned. Case-Laws Income Tax Mon, 23 Jun 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25603