Bombay High Court Dismisses Petitions Challenging Income Tax Search and Seizure Action Under Section 132 of the Income Tax Act, 1961. Court Holds That Formation of Reason to Believe by the Authorizing Officer Is Based on Material on Record and Not Open to Challenge Unless Malafide or No Material Exists.
10 May 2024The petitioners, a private limited company and its directors and their relatives, challenged the search and seizure action conducted on 9th and 10th J...




