https://www.taxtmi.com/caselaws?id=174543 The High Court upheld the validity of a special audit under section 142(2A) of the Income-tax Act, 1961 for a company with complex accounts involved in manufacturing and sales. The court dismissed a petition seeking to quash the audit order, emphasizing the necessity of such audits in intricate accounting situations. It clarified that section 44AB does not render section 142(2A) redundant, as both provisions serve distinct purposes and can operate independently. The outcome favored the revenue, highlighting the importance of special audits in cases warranting detailed scrutiny beyond compulsory audits. en-us Tue, 28 Apr 1998 00:00:00 +0530 Fri, 09 Oct 2015 18:09:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174543 The High Court upheld the validity of a special audit under section 142(2A) of the Income-tax Act, 1961 for a company with complex accounts involved in manufacturing and sales. The court dismissed a petition seeking to quash the audit order, emphasizing the necessity of such audits in intricate accounting situations. It clarified that section 44AB does not render section 142(2A) redundant, as both provisions serve distinct purposes and can operate independently. The outcome favored the revenue, highlighting the importance of special audits in cases warranting detailed scrutiny beyond compulsory audits. Case-Laws Income Tax Tue, 28 Apr 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174543