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2005 (11) TMI 33 - HC - Income TaxIn search and seizure operation, evidence of two fixed deposit certificates issued by the then ANZ Grindlays Bank for Rs. 20,000 and Rs. 25,000, respectively, renewed up to date, were found. The said fixed deposits certificates were issued in the name of the petitioner, who had shown his address in the care of one Subodh Misra of M/s. Dolphine Service. On the basis of the said facts a consequential warrant of authorisation under section 132(1A) was issued for search and the premises of the bank and thereafter on January 20, 2000, the respondents converted the value of the certificates into a bankers cheque payable to the Department whereafter the money was deposited in the account of the Commissioner, in accordance with the provisions of rule 112 of the Income-tax Rules. Aggrieved by the said action the instant writ petition has been filed seeking appropriate intervention of the court.
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