Record retention requirement extends statutory multi-year period and requires longer preservation when appeals or investigations continue. Registered persons required to keep books of account must retain them for a statutory preservation period of seventy two months from the due date of furnishing the annual return for the relevant year. If the person is party to appeal, revision, other proceedings or is under investigation for an offence, records relevant to that subject matter must be retained for one year after final disposal or for the statutory preservation period, whichever is later.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Record retention requirement extends statutory multi-year period and requires longer preservation when appeals or investigations continue.
Registered persons required to keep books of account must retain them for a statutory preservation period of seventy two months from the due date of furnishing the annual return for the relevant year. If the person is party to appeal, revision, other proceedings or is under investigation for an offence, records relevant to that subject matter must be retained for one year after final disposal or for the statutory preservation period, whichever is later.
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