HC: Withholding copy of seized documents without cogent reasons, prejudicial towards assessee

Bombay HC holds refusal to give copies of the documents seized under Panchama during search and seizure operations by Revenue as un-justifiable; Rejects Revenue’s argument that the Petitioner must show a cogent reason why it needs copies and an inspection by the Chartered Accountant will suffice; States that “The scheme of Section 67, more particularly sub-section (5) thereof, suggests that as far as copies of the documents so seized, a person from whose custody...