https://www.taxtmi.com/caselaws?id=204964 The court concluded that the assessment order was within the permissible time limits after excluding the period for the special audit and extending the remaining period to 60 days. The special audit report was valid and within the prescribed time limits. The Assessing Officer had the power to extend the period for submitting the special audit report, even before the amendment of section 142(2C) by the Finance Act, 2008. The petitioner had an alternative statutory remedy, and the High Court should not interfere in the exercise of its extraordinary jurisdiction. The petition was dismissed. en-us Mon, 25 Jul 2011 00:00:00 +0530 Wed, 10 Aug 2011 13:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204964 The court concluded that the assessment order was within the permissible time limits after excluding the period for the special audit and extending the remaining period to 60 days. The special audit report was valid and within the prescribed time limits. The Assessing Officer had the power to extend the period for submitting the special audit report, even before the amendment of section 142(2C) by the Finance Act, 2008. The petitioner had an alternative statutory remedy, and the High Court should not interfere in the exercise of its extraordinary jurisdiction. The petition was dismissed. Case-Laws Income Tax Mon, 25 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204964