https://www.taxtmi.com/forum/issue?id=106310 Companies must retain books of accounts and related documents for at least six years from the end of the relevant assessment year; this retention interplays with reopening powers that allow notices within extended periods when income has escaped assessment or where foreign located assets are involved. For central excise and service tax, an extended limitation applies where short levy, non levy, short payment, non payment, or erroneous refund results from fraud, collusion, willful misstatement, suppression of facts, or deliberate contravention, permitting issuance of show cause notices within five years from the relevant date. en-us Sat, 14 Dec 2013 15:56:49 +0530 Sat, 18 Jan 2014 13:15:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=106310 Companies must retain books of accounts and related documents for at least six years from the end of the relevant assessment year; this retention interplays with reopening powers that allow notices within extended periods when income has escaped assessment or where foreign located assets are involved. For central excise and service tax, an extended limitation applies where short levy, non levy, short payment, non payment, or erroneous refund results from fraud, collusion, willful misstatement, suppression of facts, or deliberate contravention, permitting issuance of show cause notices within five years from the relevant date. Discussion-Forum Income Tax Sat, 14 Dec 2013 15:56:49 +0530 https://www.taxtmi.com/forum/issue?id=106310