SC clarifies “reasons to believe” in Search & limits judicial review of raid grounds

PCIT (Investigation) & Ors. Vs Laljibhai Kanjibhai Mandalia (Supreme Court of India) In a significant judgment that clarifies the scope of judicial review in tax matters, the Supreme Court has set aside a High Court order that had invalidated a search and seizure operation against a Gujarat-based assessee. The ruling, in the case of the Principal Commissioner of Income Tax (Investigation) vs. Laljibhai Kanjibhai Mandalia, reinforces the powers of the Income Tax Department to authorize searches under Section 132 of the Income Tax Act, 1961, while simultaneously delineating the limited groun...