https://www.taxtmi.com/caselaws?id=26391 The court dismissed the writ petition challenging the order under section 132(5) of the Income-tax Act, 1961, seeking to quash the exhibit P-20 order dated October 15, 1985. The dispute over the ownership and possession of Rs. 1,50,000 seized from the third respondent was resolved in favor of the Income-tax Officer's decision, which was deemed based on proper analysis and not challengeable under article 226 of the Constitution of India at that stage. The court emphasized the summary nature of the section 132(5) order and the availability of alternate remedies under sections 132(11) and 132(12) of the Act, leading to the dismissal of the petition for lack of merit. en-us Mon, 06 Jan 1986 00:00:00 +0530 Thu, 04 Feb 2010 16:32:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26391 The court dismissed the writ petition challenging the order under section 132(5) of the Income-tax Act, 1961, seeking to quash the exhibit P-20 order dated October 15, 1985. The dispute over the ownership and possession of Rs. 1,50,000 seized from the third respondent was resolved in favor of the Income-tax Officer's decision, which was deemed based on proper analysis and not challengeable under article 226 of the Constitution of India at that stage. The court emphasized the summary nature of the section 132(5) order and the availability of alternate remedies under sections 132(11) and 132(12) of the Act, leading to the dismissal of the petition for lack of merit. Case-Laws Income Tax Mon, 06 Jan 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26391