Search and seizure

Section 132

Bombay H.C : Where entire material like high growth, high profit margins and details thereof was available with revenue authorities and, moreover, it was not their case that they had obtained any other information which was suppressed by assessee, search and seizure proceedings initiated against assessee were to be quashed

High Court Of Bombay Spacewood Furnishers (P.) Ltd. vs. Director General of Income-tax (Investigation), Pune Section : 132 B.P. Dharmadhikari

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