Principal Director Of Income Tax (Investigation) & ORS vs LALJIBHAI KANJIBHAI MANDALIA

Whether the warrant of authorization for search and seizure under Section 132 of the Income Tax Act, 1961 was validly issued based on 'reason to believe' that statutory conditions were satisfied --- Held No, as the High Court correctly found the conditions under clauses (b) and (c) of Section 132(1) were not met, and the authorization was quashed as a fishing enquiry lacking rational connection to the formation of belief.