The “reason to believe” and “reason to suspect “ u/s 132/132A can not be disclosed to any authority (Amendment brought by FA 2017 retrospectively). Hence question of challenging action u/s 132A of seizing gold on the report of GRP held not tenable by SC in NK Jewelers

N.K. Jewellers [2017] 85 taxmann.com 361 (SC) 13-09-2017