HC justified search & seizure as its authorization was based on definite information & discreet verifications

IT : Where satisfaction note had been considered and scrutinized by all authorities and they offered their own comments and thereafter warrant of authorization was issued, on ground that assessee, a co-operative society, was involved in siphoning off of funds from society to shell companies by way of advancing loans without any equivalent collateral securities, allegation of huge tax evasion by assessee had been substantiated and, thus, authorization was based on definite information and justifi

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