High Court Dismisses Petition Challenging Search Validity u/s 67; Immediate Tax Payment Avoids Seizure.

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....Search and seizure - validity of proceeding initiated under Section 67 of the Act - if the said Panchanama is perused, it is evident that on the date of search itself, the amount of tax and a penalty was deposited by the petitioner as discrepancies were found in the stock and thus there was no question of any kind of seizure. Moreover, there were independent witnesses as well as the petitioner own representatives who did not raise any objection as regards search, thus, filing of the application before respondent No.5 to remeasure the stock was an afterthought. - Petition dismissed - HC....