Approval for extended retention of books of accounts seized u/s132.

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..... ing 180 days from the date of the seizure unless the reasons for retaining the same are recognised in writing and the approval of the Commissioner for such retention is obtained. 2. In the case of M/s Survir Enterprises, in the Change of C.I.T., Delhi (Central), during the course of a search conducted on 14th May, 1981 some books of accounts were seized. Orders were passed allowing retention of .....

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..... tention of books of accounts seized u/s 132 should be obtained. The order of approval and the reasons recorded for extended retention should also be expeditiously communicated to the assessee as directed by the Supreme Court in C.I.T. Vs. Oriental Rubber Works (1984) 145-ITR-477. - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - .....

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