Retention period extension allows tax authority to lengthen statutory retention and permits administrative extension with written reasons. The amendment increases the retention period in rule 68B sub rule (1) from three years to seven years and inserts a proviso permitting the Board, for reasons recorded in writing, to extend that period for a further period not exceeding three years, while redesignating the existing proviso by substituting its introductory wording.
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.
Retention period extension allows tax authority to lengthen statutory retention and permits administrative extension with written reasons.
The amendment increases the retention period in rule 68B sub rule (1) from three years to seven years and inserts a proviso permitting the Board, for reasons recorded in writing, to extend that period for a further period not exceeding three years, while redesignating the existing proviso by substituting its introductory wording.
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