https://www.taxtmi.com/caselaws?id=241500 The High Court set aside the Tribunal's decision on a time-barred assessment order for the assessment year 2003-04, emphasizing the need for a categorical finding on the completion of a special audit within the stipulated period. The Court directed the Tribunal to reexamine the evidence and provide a reasonable opportunity to the assessee, allowing the appeal for statistical purposes. However, in a separate issue regarding the Assessing Officer's authority to audit under section 142(2A) of the Act, the Court ruled in favor of the Department, criticizing the assessee's delay and lack of cooperation, leading to the dismissal of the appeal. en-us Wed, 18 Dec 2013 00:00:00 +0530 Wed, 25 Dec 2013 19:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241500 The High Court set aside the Tribunal's decision on a time-barred assessment order for the assessment year 2003-04, emphasizing the need for a categorical finding on the completion of a special audit within the stipulated period. The Court directed the Tribunal to reexamine the evidence and provide a reasonable opportunity to the assessee, allowing the appeal for statistical purposes. However, in a separate issue regarding the Assessing Officer's authority to audit under section 142(2A) of the Act, the Court ruled in favor of the Department, criticizing the assessee's delay and lack of cooperation, leading to the dismissal of the appeal. Case-Laws Income Tax Wed, 18 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241500