1. BY this petition under Article 226 of the Constitution of India, the petitioners seek the following reliefs :

"(i) to issue a writ, order or direction, restraining respondent No. 1 from taking any action with regard to the seized documents and assets.

(ii) to issue a writ, order or direction, restraining respondent No. 1 from encashing various F.D.Rs. standing in the names of the petitioners and standing in the names of the other persons which were seized from the premises of the petitioner at the time of search dated January 12, 1995, by the income-tax authority.

(iii) to issue a writ, order or direction, directing respondent No. 1 to return a sum of Rs. 45,500 which was withdrawn from savings bank account No. 19538 of the Punjab National Bank, Eastern Kutchery Road, Meerut, on January 16, 1995.

(iv) to issue a writ, order or direction directing the respondent No. 1 to hand over the entire seized assets and documents to the assessing authority, Income-tax Officer, Ward-6, Meerut.

(v) to issue a writ, order or direction which this court may deem fit and proper in the circumstances of the case ; and

(v) to award the costs of the petition to the petitioners."

2. THE petitione