Friday, April 1, 2011

DT Recent Case Laws - Subha & Prabha Builders P Ltd v. ITO 2009 (Karn)

Subha & Prabha Builders P Ltd v.ITO 2009(Karn)
Income Tax Authorities hv power u/s131 to impound &retain books etc for Max 15days.Extension can b granted by prior approval of higher authorities but not for indefinite period.EXTENSION can only ONE TIME & can be in DAYS, & not in Months or years

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