SC rejects High Court's order quashing search warrant due to non-communication of reasons thereof to

IT: The necessity of recording of reasons for conducting search under Section 132acts as a cushion in event of legal challenge being made to satisfaction reached - Reasons enable a proper judicial assessment of decision taken by the Revenue - However, this would not confer upon assessee a right of inspection of documents or communication of reasons at the time of issue of authorization for search – It is only at stage of commencement of assessment proceedings after completion of search and seizu