2005 (3) TMI 56

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....ining the books of account of the petitioner (assessee) under the provisions of the Income-tax Act. According to the assessee, i.e., the petitioner, the books of account seized as contemplated under section 131(3) read with section 133A of the Act on March 12, 1999, should be returned to the petitioner. It is contended that the retention of books of account by the taxing authorities is in contrave....

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....rned counsel for the petitioner, and Shri A.P. Patankar, learned counsel for the respondents. Having heard learned counsel for the parties and having perused the record of the case, I find no merit in the writ. Although learned counsel for the petitioner with vehemence, criticized the manner in which the approval was granted by the authorities to the Assessing Officer as also its contents, a....

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....t the same this court is inclined to observe that no more extension than the last one which is in force till June, 2005 be sought from the authorities and that the Assessing Officer must ensure that pending cases for which the books of account in question are retained be released no sooner the cases are over and assessment orders are passed. Indeed, in all fairness, the efforts of the Assessing Of....