https://www.taxtmi.com/caselaws?id=211747 The Court held that authorities cannot repeatedly extend the period for retaining books of account beyond 15 days under section 131(3) of the Income-tax Act. Any further extension requires prior approval with valid reasons. Extending the period for months or years violates statutory provisions. The Court found the Revenue's actions to be an abuse of power, directing the return of books of account and imposing damages for misuse of authority. The appeal was dismissed, upholding the initial judgment. en-us Mon, 26 Jul 2010 00:00:00 +0530 Wed, 04 Apr 2012 09:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211747 The Court held that authorities cannot repeatedly extend the period for retaining books of account beyond 15 days under section 131(3) of the Income-tax Act. Any further extension requires prior approval with valid reasons. Extending the period for months or years violates statutory provisions. The Court found the Revenue's actions to be an abuse of power, directing the return of books of account and imposing damages for misuse of authority. The appeal was dismissed, upholding the initial judgment. Case-Laws Income Tax Mon, 26 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211747