SC Refuses to Disturb HC Decision Quashing Income Tax Search Over Invalid Satisfaction Note

Director of Income Tax II (Investigations) & Ors. Etc. Vs Echjay Industries Pvt. Ltd. & Ors. (Supreme Court of India) SC Declines to Interfere With Bombay HC Order Quashing Income Tax Search for Lack of Valid Reason to Believe; SC Upholds HC Relief After Search Authorisation Found Based on General and Irrelevant Material; SC Lets HC Order Stand Where Section 132 Search Failed Jurisdictional Test; SC Dismisses Revenue Plea Against HC Finding That Search Reasons Were Not Bona Fide; SC Keeps Question of Law Open While Upholding HC Order Quashing Tax Search; SC Backs HC View That Section 1...