https://www.taxtmi.com/caselaws?id=24645 The court found that the impounding of the account books and documents by the Income-tax Officer was not in compliance with the mandatory provisions of section 131(3) of the Income-tax Act, as the required reasons for impounding were not recorded. As a result, the court concluded that the impounding was done in contravention of the statutory requirements. The court partly allowed the writ petition, granting two months for the completion of the assessment, and ordered the return of the account books and documents to the petitioner after the specified period. en-us Thu, 01 Sep 1988 00:00:00 +0530 Thu, 21 Jan 2010 14:42:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24645 The court found that the impounding of the account books and documents by the Income-tax Officer was not in compliance with the mandatory provisions of section 131(3) of the Income-tax Act, as the required reasons for impounding were not recorded. As a result, the court concluded that the impounding was done in contravention of the statutory requirements. The court partly allowed the writ petition, granting two months for the completion of the assessment, and ordered the return of the account books and documents to the petitioner after the specified period. Case-Laws Income Tax Thu, 01 Sep 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24645