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Issues:
Appeal against orders for return of seized account books and documents under section 132 of the Income-tax Act, 1961. Detailed Analysis: 1. Jurisdiction of the Learned Single Judge: The petitioners appealed against the orders of the Single Judge for the return of seized books and documents under section 132 of the Income-tax Act, 1961. The appellants argued that the Single Judge exceeded jurisdiction as per section 132, which allows the Income-tax Department to retain account books for up to 180 days. The proceedings under section 132(5) were stayed, and returning the books at this stage would violate section 132(8) and hinder the assessment process. 2. Provisions of Section 132: Section 132 empowers income-tax authorities to conduct searches and seizures in cases of undisclosed income. The purpose of retaining books for 180 days is to inspect them to determine undisclosed assets or income. The Single Judge obtained an undertaking from the respondents to make the records available to the authorities when required, ensuring access for the appellants. The conditions set by the Single Judge safeguarded the department's interests, allowing for temporary custody of the seized documents. 3. Competence of the Single Judge: The Single Judge issued orders after hearing both parties, indicating a willingness to consider objections and modify the orders if necessary. The appellants can present their case for altering or vacating the orders before the Single Judge. The Single Judge has the power to pass orders in line with the provisions of the Act based on the facts of the case. 4. Conclusion: The High Court found no illegality or infirmity in the Single Judge's orders and refrained from interfering. The orders did not affect the rights of the appellants adversely. The appeals and related petitions were disposed of with the expectation that the Single Judge would consider the appellants' objections and make appropriate orders in accordance with the law.
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