Search-and-seizure document retention expanded to cover assessment, reassessment and recomputation orders, with approval requirement. Amendment makes the existing limitation on retention of books of account or other documents seized in search operations applicable to an order of ... Summary
Search-and-seizure document retention expanded to cover assessment, reassessment and recomputation orders, with approval requirement.
Amendment makes the existing limitation on retention of books of account or other documents seized in search operations applicable to an order of assessment, reassessment or recomputation made in a search case, so that seized material may not be retained beyond the prescribed short period without recorded reasons and approval from senior tax officials.
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