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2010 (7) TMI 781 - KARNATAKA HIGH COURTExtension of period of retaining Books of account - Assessing Officer can retain the books of account only for 15 days. The outer limit can be crossed with the prior approval of the higher authority and for relevant reasons and for reasonable period and not for indefinite period. The reasonable period that can constitute an outer limit is 15 days and, therefore, the extended period can supplement the normal 15 days period statutorily fixed by a few more days and not by a few months or a few more years - Held that:- learned single judge was justified in entertaining the writ petition, issuing a direction to return the books of account, appeal is dismissed
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