Court Rules Against Tax Authority's Liquor Seizure; Orders Rs. 10,000 Costs for Unjustified Action Under Income Tax Act.

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....Search and Seizure - Validity of Order passed u/s 132(3) prohibiting petitioners/assessee from removing articles (liquor bottles) in the cupboard at the resident without prior permission of the IT Authorities - Liquor stands included within the expression “valuable article” - Revenue failed to satisfy the seizure of liquor - Revenue is saddled with cost of Rs. 10,000/- - HC....