Sanjeev Prakash Sharma, J.

The petitioners by way of this writ petition seeks quashing and setting aside the order dated 19.07.2017 passed by the Assistant Commissioner (Income Tax) Circle-1, Jaipur under Section 132-B of the Income Tax Act, 1961 (hereinafter referred to as 'the Act of 1961') and further pray to direct the respondents to release 583 pieces of jewelry seized by them.

2. The brief facts need to be noted are that the petitioner No.2- Anuj Ajmera (hereinafter referred to as 'AA') alongwith two other sales executive of petitioner No.1-Company, allegedly undertook a business tour from New Delhi to Agra for marketing and sale of jewellery products on 17.11.2016 and carried with them 643 items/pieces of jewelry. A search and seizure action was carried out at the Indira Gandhi International Airport on 24.11.2016 whereby AA, the petitioner No.2 was intercepted at the New Delhi Airport by the Assistant Director of Income Tax (Inv.) Air Intelligence Unit, New Delhi. He was found to be in possession of jewelry weighing around 3 KG gold. He was examined under Section 131(1)A of the Act of 1961 with a view to establish genuineness and source of ownership of gold jewelry i