https://www.taxtmi.com/caselaws?id=761338 Gujarat HC ruled that tax authorities' retention of books and documents beyond statutory period under section 132(8) was illegal. Authorities failed to communicate recorded reasons for retention to petitioner for nearly two years, depriving them of opportunity to raise objections before Central Board of Direct Taxes. Court held that without proper communication of reasons, continued retention becomes unlawful. Petition succeeded; authorities directed to return seized books and documents forthwith. Court relied on precedents establishing requirement for communicating reasons to make retention valid. en-us Tue, 22 Oct 2024 00:00:00 +0530 Fri, 08 Nov 2024 19:58:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761338 Gujarat HC ruled that tax authorities' retention of books and documents beyond statutory period under section 132(8) was illegal. Authorities failed to communicate recorded reasons for retention to petitioner for nearly two years, depriving them of opportunity to raise objections before Central Board of Direct Taxes. Court held that without proper communication of reasons, continued retention becomes unlawful. Petition succeeded; authorities directed to return seized books and documents forthwith. Court relied on precedents establishing requirement for communicating reasons to make retention valid. Case-Laws Income Tax Tue, 22 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761338