A tax payer is not obliged to keep records relating thereto for more than 5 years.

"A tax payer is not obliged to keep records relating thereto for more than 5 years. In my view there is good reason for this . its is not that the taxpayer is likely to run out of storage capacity,…. after a certain period of time they will not be unduly harassed and so are at liberty to dispose of their records To suddenly demand records from taxpayers when the law expressly gives them the liberty to dispose off the same is clearly unreasonable"