https://www.taxtmi.com/article/detailed?id=10622 Section 132 empowers senior income-tax officers to conduct searches and seizures where recorded reasons to believe indicate summoned books or valuables represent undisclosed income or will not be produced; reasons are not to be disclosed. The Supreme Court held that reasons grounded on intelligence of suspicious deposits, rapid unsecured loans and a pattern of accommodation entries can constitute a bona fide, relevant belief permitting search, and that judicial review is confined to testing for mala fides or extraneousness, not adequacy. en-us Sat, 20 Aug 2022 08:32:27 +0530 Sat, 20 Aug 2022 08:32:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10622 Section 132 empowers senior income-tax officers to conduct searches and seizures where recorded reasons to believe indicate summoned books or valuables represent undisclosed income or will not be produced; reasons are not to be disclosed. The Supreme Court held that reasons grounded on intelligence of suspicious deposits, rapid unsecured loans and a pattern of accommodation entries can constitute a bona fide, relevant belief permitting search, and that judicial review is confined to testing for mala fides or extraneousness, not adequacy. Articles Income Tax Sat, 20 Aug 2022 08:32:27 +0530 https://www.taxtmi.com/article/detailed?id=10622