https://www.taxtmi.com/circulars?id=9692 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. en-us Fri, 22 Aug 1986 00:00:00 +0530 Wed, 08 Jun 2011 14:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9692 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. Circulars Income Tax Fri, 22 Aug 1986 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9692