Documents Seized u/s 131(3) Cannot Be Held as Security for Future Tax Liabilities.

Documents Seized u/s 131(3) Cannot Be Held as Security for Future Tax Liabilities. https://www.taxtmi.com/highlights?id=63904 Survey proceedings - documents impounded under Section 131(3) - there is no provision under the Act to retain the documents of title as security for any tax liability that may arise in the future. In the absence of any such statutory provision, the respondents cannot retain documents of title impounded/seized by them under Section 131(3) of the Act - HC en-us Mon, 06 Jun 2022 08:29:19 +0530 Mon, 06 Jun 2022 08:29:19 +0530 TaxTMI RSS Generator Documents Seized u/s 131(3) Cannot Be Held as Security for Future Tax Liabilities. https://www.taxtmi.com/highlights?id=63904 Survey proceedings - documents impounded under Section 131(3) - there is no provision under the Act to retain the documents of title as security for any tax liability that may arise in the future. In the absence of any such statutory provision, the respondents cannot retain documents of title impounded/seized by them under Section 131(3) of the Act - HC Highlights Income Tax Mon, 06 Jun 2022 08:29:19 +0530 https://www.taxtmi.com/highlights?id=63904