https://www.taxtmi.com/caselaws?id=752556 The Bombay HC quashed a search and seizure operation under Section 132 of the Income Tax Act, finding that authorities lacked sufficient information to form a reasonable belief justifying the action. The court held that the department's file contained no information indicating any of the contingencies under Section 132(1)(a)-(c) were satisfied, and no prior notice was issued to the petitioners. The HC emphasized that authorities must possess adequate information before conducting searches, and cannot rely on evidence discovered during the operation to retrospectively justify their initial belief. The search and seizure was deemed invalid due to total non-compliance with statutory requirements. en-us Tue, 23 Apr 2024 00:00:00 +0530 Mon, 13 May 2024 11:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752556 The Bombay HC quashed a search and seizure operation under Section 132 of the Income Tax Act, finding that authorities lacked sufficient information to form a reasonable belief justifying the action. The court held that the department's file contained no information indicating any of the contingencies under Section 132(1)(a)-(c) were satisfied, and no prior notice was issued to the petitioners. The HC emphasized that authorities must possess adequate information before conducting searches, and cannot rely on evidence discovered during the operation to retrospectively justify their initial belief. The search and seizure was deemed invalid due to total non-compliance with statutory requirements. Case-Laws Income Tax Tue, 23 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752556