Extended retention of seized books requires timely written reasons, commissioner approval and prompt communication to the assessee. Section 132(8) limits custody of seized books; any retention beyond the statutory period requires recorded reasons and Commissioner approval. Approvals and the reasons for extended retention must be obtained promptly and communicated expeditiously to the assessee. Administrative lapses in issuing timely extension orders-illustrated by the M/s Survir Enterprises matter-can render continued retention invalid. The Board reiterates an existing five-step procedure and directs strict compliance to prevent procedural defects.
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.
Extended retention of seized books requires timely written reasons, commissioner approval and prompt communication to the assessee.
Section 132(8) limits custody of seized books; any retention beyond the statutory period requires recorded reasons and Commissioner approval. Approvals and the reasons for extended retention must be obtained promptly and communicated expeditiously to the assessee. Administrative lapses in issuing timely extension orders-illustrated by the M/s Survir Enterprises matter-can render continued retention invalid. The Board reiterates an existing five-step procedure and directs strict compliance to prevent procedural defects.
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