A search, often called a raid, is the most intensive power in tax law. What is said in the statement recorded during the search, and how seized cash, jewellery and documents are explained, often decides the assessment and any prosecution that follows. The Income-tax Act, 2025 applies from 1 April 2026; earlier years may still be governed by the 1961 Act, so the notice must be read carefully.
What we handle
- Advice during and immediately after a search
- Retraction and explanation of statements
- Release of seized assets
- Block and search assessments
- Reassessment and its limitation
- Penalty proceedings
- Prosecution complaints and compounding
- Writ petitions before the High Court
Frequently asked questions
Is a statement given during a search final?
It carries evidentiary weight, but a statement that is incorrect or was given under pressure can be retracted. A timely, reasoned retraction in writing matters later.
Which law applies to my notice: the 1961 Act or the 2025 Act?
It depends on the year involved and the transition provisions. The section quoted in the notice and the assessment year should be checked first.
Can seized assets be released?
An application can be made with an explanation of the source of the assets. Timelines and conditions depend on the provision under which the seizure was made.
Related guide: Received an income tax notice? What to do · Income tax notices, assessments and appeals
Recent rulings: Delhi High Court: seized cash to be released once the Section 132B charge ends · Supreme Court: a benamidar’s will cannot pass title to the real owner
For a confidential discussion, contact the chambers. Chamber 570, District & Sessions Court, Surajpur, Greater Noida · +91 98713 39199 · WhatsApp · na@wisepartners.in
General legal information only; not legal advice or solicitation.
