Section 36. Period of retention of accounts.-
Every registered person required to keep and maintain
books of account or other records in accordance with the provisions of
sub-section (1) of section 35 shall retain them until the expiry of seventy-two
months from the due date of furnishing of annual return for the year pertaining
to such accounts and records:
Provided that a registered person, who is a party to
an appeal or revision or any other proceedings before any Appellate Authority
or Revisional Authority or Appellate Tribunal or court, whether filed by him or
by the Commissioner, or is under investigation for an offence under Chapter
XIX, shall retain the books of account and other records pertaining to the
subject matter of such appeal or revision or proceedings or investigation for a
period of one year after final disposal of such appeal or revision or proceedings
or investigation, or for the period specified above, whichever is later.
