TMI BlogRetention of records.X X X X Extracts X X X X X X X X Extracts X X X X ..... as reason to believe that any of such records are required to be retained for any inquiry under this Act, such records may if seized, be retained or if frozen, may continue to remain frozen, for a period not exceeding one hundred and eighty days from the day on which such records were seized or frozen, as the case may be. (2) The person, from whom records seized or frozen, shall be entitled t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Adjudicating Authority shall direct the release of the records to the person from whom such records were seized. (6) Where an order releasing the records has been made by the Court 3 [Adjudicating Authority under sub-section (5) of section 21], the Director or any other officer authorised by him in this behalf may withhold the release of any such record for a period of ninety days from the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ords were seized, shall be entitled to obtain copies of records retained under sub-section (1). (3) On the expiry of the period specified under sub-section (1), the records shall be returned to the person from whom such records were seized unless the Adjudicating Authority permits retention of such records beyond the said period. (4) The Adjudicating Authority, before authorising the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ubstituted Vide Finance Act, 2015, w.e.f. 14-5-2015. Before it was read as: under sub-section (5) or sub-section (7) of section 8 3. Substituted Vide Finance Act, 2015, w.e.f. 14-5-2015. Before it was read as: under sub-section (6) of section 8 or by the Adjudicating Authority under section 58B or sub-section (2A) of section 60 4. Inserted vide Finance Act, 2015, w.e.f. 14- ..... X X X X Extracts X X X X X X X X Extracts X X X X
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