https://www.taxtmi.com/caselaws?id=447127 The Gauhati HC dismissed writ petitions challenging search proceedings under Section 132 of the Income Tax Act. The court held that authorized officials must have objective satisfaction based on firm, concrete facts regarding undisclosed income, not arbitrary or subjective beliefs. The absence of incriminating materials during search does not invalidate the initial formation of opinion to exercise search powers, though it affects subsequent assessment procedures as per SC precedent in Abhisar Buildwell. The court ruled that fulfillment of statutory conditions provides adequate safeguards, and harassment allegations cannot nullify lawful search powers when prerequisites are met. en-us Thu, 27 Apr 2023 00:00:00 +0530 Wed, 20 Dec 2023 17:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447127 The Gauhati HC dismissed writ petitions challenging search proceedings under Section 132 of the Income Tax Act. The court held that authorized officials must have objective satisfaction based on firm, concrete facts regarding undisclosed income, not arbitrary or subjective beliefs. The absence of incriminating materials during search does not invalidate the initial formation of opinion to exercise search powers, though it affects subsequent assessment procedures as per SC precedent in Abhisar Buildwell. The court ruled that fulfillment of statutory conditions provides adequate safeguards, and harassment allegations cannot nullify lawful search powers when prerequisites are met. Case-Laws Income Tax Thu, 27 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447127