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1988 (3) TMI 1 - SCH - Income TaxQuestion is of validity of search warrant - articles and money seized have now been released and are no longer in the possession of the petitioner hence no useful purpose will be served by entertaining this Special Leave Petition - however, that it is open to the income-tax authorities to take such other proceedings against the respondent as are available under the Income-tax Act
The Supreme Court dismissed the Special Leave Petition as the seized articles and money have been released and are no longer in the petitioner's possession. The Court did not express any opinion on the High Court's findings but noted that income-tax authorities can take other proceedings under the Income-tax Act, including using information from the inventories prepared during the search and seizure under section 132.
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