Concrete Evidence Needed for Legal Income Tax Searches: Mere Possession of Valuables Insufficient for Justifying Seizures.

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....Legality of search & seizure operations – mere possession of money, bullion, jewellery or such valuable article or thing per-se would not be sufficient to enable the competent officer to form a belief that the same had not been or would not be disclosed for the purpose of the Act. - What is required is some concrete material to enable a reasonable person to form such a belief. - HC....