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of <h1>Income Tax Dept Urges More Use of Section 142(2A) for Compulsory Audits to Boost Revenue Compliance.</h1> The circular addresses the underutilization of the provision under section 142(2A) of the Income Tax Act, which allows for the compulsory audit of certain accounts. Over the past three years, only 16 cases were referred for such audits, with a notable contribution from the Nagpur charge. The estimates committee criticized this limited use and recommended completing preparatory work to ensure the provision is effectively utilized in the interest of revenue. The board urges officers to refer more cases for compulsory audits that require deeper investigation and instructs issuing necessary directives to officers to enhance compliance.
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