https://www.taxtmi.com/caselaws?id=210329 The Tribunal allowed the Assessee's appeals, quashing the orders under Section 263 and holding that the assessment orders were barred by limitation. The Tribunal found that the conditions for invoking a special audit under Section 142(2A) were not met, and the Assessing Officer lacked the authority to extend the audit period suo moto. Consequently, the assessment orders were deemed invalid, leading to the quashing of subsequent revision orders under Section 263. en-us Fri, 20 May 2011 00:00:00 +0530 Wed, 08 Feb 2012 18:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210329 The Tribunal allowed the Assessee's appeals, quashing the orders under Section 263 and holding that the assessment orders were barred by limitation. The Tribunal found that the conditions for invoking a special audit under Section 142(2A) were not met, and the Assessing Officer lacked the authority to extend the audit period suo moto. Consequently, the assessment orders were deemed invalid, leading to the quashing of subsequent revision orders under Section 263. Case-Laws Income Tax Fri, 20 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210329