Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2004 (11) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2004 (11) TMI 59 - HC - Income TaxRequisition of Assets - reason to believe - writ petition has been filed by the petitioners to quash the authorisation issued by the Director of Income-tax (Investigation) u/s 132A and the action of requisitioning the cash from the custody of respondent No. 3/Police Station - Further prayer made is for quashing the notice u/s 131(3), impounding the bank slips found on the cash of petitioner - The prayer has also been made to quash the notice issued under section 131 (1A) - In addition, a writ is sought to quash u/s 131(3) impounding the books of account - In the instant case, I find that it was not mere suspicion but the explanation was found to be incorrect, which has led to formation of the belief. Thus, the submission which has been raised falls down. Resultantly, I find no merit in this petition. Writ petition is dismissed.
|