Survey, Search & Seizure Income Tax Act, 1961

Impounding and retention of
Books of Accounts U/s 133A(3)(ia)
i. Impound and retain books of accounts only after
recording reasons w.e.f. 01/06/2002: Mrs. Rumena
Rahman vs. Union of India [2004] 265 ITR 0016- (Gau.)
ii.
Permission from CCIT or DGIT is required in case Period
of retention of books or documents exceeds 10 days,
exclusive of holidays (w.e.f. 01-06-2003), where
permission for retention should be granted judiciously,
there should be justification as to non cooperation by the
assessee: Raj and Raj Investments vs. Income-tax
Officer [2007] 293 ITR 0057- (Kar)
Note: The Law is silent as to allowing any opportunity to the
assessee to object the impounding of books of accounts.
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