1991 (1) TMI 37

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..... quashing the search proceedings and notices issued under section 132 of the Income-tax Act. While it is not necessary to mention the facts stated in the writ petition in detail, it is sufficient to mention that cash of about Rs. 7,50,000 was seized from certain bank lockers standing in the name of the petitioner's wife and minor daughters. The seizure was effected under section 132(1) of the Act. .....

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..... than Rs. 20,00,000. In these circumstances, we are of the opinion that no order can be passed except to observe that it will be open to the petitioner to urge all such points available to him in law in the appeal provided by law against an order passed under sub-section (5) of section 132 of the Act. The writ petition is, accordingly, dismissed. No costs. - - TaxTMI - TMITax - Income .....

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