https://www.taxtmi.com/caselaws?id=234451 The court rejected the argument that the assessment was time-barred under Section 153B of the Income Tax Act, allowing the department to pass a fresh order extending the limitation period. It upheld the validity of the order directing special audit under Section 142(2A), finding the complexity in the accounts justified the audit. The court dismissed the writ petitions, imposed costs on the petitioners for misleading the court, and directed the costs to be deposited for the benefit of the State Legal Services Authority. en-us Fri, 07 Dec 2012 00:00:00 +0530 Fri, 28 Jun 2013 12:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234451 The court rejected the argument that the assessment was time-barred under Section 153B of the Income Tax Act, allowing the department to pass a fresh order extending the limitation period. It upheld the validity of the order directing special audit under Section 142(2A), finding the complexity in the accounts justified the audit. The court dismissed the writ petitions, imposed costs on the petitioners for misleading the court, and directed the costs to be deposited for the benefit of the State Legal Services Authority. Case-Laws Income Tax Fri, 07 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234451