Compulsory account maintenance enables referrals for special audit to support intensive tax investigations where needed. Special audit under section 142(2A) should be used for intensive investigation of film artists and similar professionals where accounts are absent or rudimentary; compulsory account-keeping rules and mandatory audit requirements for professionals strengthen the Department's ability to secure and examine prescribed books and records enabling such special audits.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Compulsory account maintenance enables referrals for special audit to support intensive tax investigations where needed.
Special audit under section 142(2A) should be used for intensive investigation of film artists and similar professionals where accounts are absent or rudimentary; compulsory account-keeping rules and mandatory audit requirements for professionals strengthen the Department's ability to secure and examine prescribed books and records enabling such special audits.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
