https://www.taxtmi.com/highlights?id=82930 Respondent-authorities failed to communicate reasons for retaining books of accounts and documents beyond statutory period of 30 days from assessment order as mandated u/s 132(8). Petitioner was deprived of opportunity to raise objections before Central Board of Direct Taxes u/s 132(10). Court held that non-communication of reasons for retention renders further retention illegal and invalid as per precedents. Respondents directed to return seized books and documents forthwith to petitioner. en-us Fri, 08 Nov 2024 19:58:06 +0530 Fri, 08 Nov 2024 19:58:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=82930 Respondent-authorities failed to communicate reasons for retaining books of accounts and documents beyond statutory period of 30 days from assessment order as mandated u/s 132(8). Petitioner was deprived of opportunity to raise objections before Central Board of Direct Taxes u/s 132(10). Court held that non-communication of reasons for retention renders further retention illegal and invalid as per precedents. Respondents directed to return seized books and documents forthwith to petitioner. Highlights Income Tax Fri, 08 Nov 2024 19:58:06 +0530 https://www.taxtmi.com/highlights?id=82930