https://www.taxtmi.com/caselaws?id=260367 The Supreme Court quashed the Assessing Officer's order directing a special audit under Section 142(2A) of the Income Tax Act for the assessment year 2012-13. The court found the order lacked disclosure of reasons based on account complexity and revenue interests, deeming it unsustainable. The Assessing Officer was directed to issue a fresh order adhering to the statutory requirements, emphasizing the need for an objective basis in forming opinions to prevent arbitrary use of power. The writ petition was disposed of accordingly. en-us Fri, 29 May 2015 00:00:00 +0530 Wed, 10 Jun 2015 06:05:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260367 The Supreme Court quashed the Assessing Officer's order directing a special audit under Section 142(2A) of the Income Tax Act for the assessment year 2012-13. The court found the order lacked disclosure of reasons based on account complexity and revenue interests, deeming it unsustainable. The Assessing Officer was directed to issue a fresh order adhering to the statutory requirements, emphasizing the need for an objective basis in forming opinions to prevent arbitrary use of power. The writ petition was disposed of accordingly. Case-Laws Income Tax Fri, 29 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260367