Time limit for keeping the records

[MOHAMED YACOOB SHARIFF]

Dear Experts in one of the case AO insisting for the proof of building improvement made during the year 1994-95, is it correct? 

Because asseeee could not trace the same as it was incurred 20 years ago.

Regards

Mohamed Yacoob Shariff 

AI Summary

Assessing Officer Requests 1994-95 Building Improvement Proof; Income Tax Rules Require 6-Year Record Maintenance An individual inquired about the requirement to provide proof of building improvements made in 1994-95, as requested by an Assessing Officer, despite the difficulty in tracing such records after 20 years. A respondent clarified that under income tax provisions, books of accounts must be maintained for six years from the end of the relevant assessment year. However, it was noted that improvements could be substantiated through other forms of evidence.