https://www.taxtmi.com/caselaws?id=20057 The Court dismissed three writ applications seeking the release of impounded books of account under section 131(3) of the Income-tax Act, 1961. The petitioners, registered partnership firms, argued that non-communication of reasons for retention and approval rendered the retention invalid. The Court compared provisions of section 131(3) and section 132, noting the absence of a statutory remedy for non-communication under section 131(3). Despite emphasizing the importance of communication, the Court held that section 131(3) did not expressly require it. As reasons were disclosed in the counter-affidavit and revision proceedings were ongoing, the Court declined to invalidate the retention, ultimately dismissing the writ applications. en-us Fri, 24 Dec 1993 00:00:00 +0530 Wed, 11 Nov 2009 13:55:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20057 The Court dismissed three writ applications seeking the release of impounded books of account under section 131(3) of the Income-tax Act, 1961. The petitioners, registered partnership firms, argued that non-communication of reasons for retention and approval rendered the retention invalid. The Court compared provisions of section 131(3) and section 132, noting the absence of a statutory remedy for non-communication under section 131(3). Despite emphasizing the importance of communication, the Court held that section 131(3) did not expressly require it. As reasons were disclosed in the counter-affidavit and revision proceedings were ongoing, the Court declined to invalidate the retention, ultimately dismissing the writ applications. Case-Laws Income Tax Fri, 24 Dec 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20057