https://www.taxtmi.com/caselaws?id=174544 The court dismissed the petition challenging the initiation of a special audit under section 142(2A) of the Income-tax Act, 1961. The court held that the Assessing Officer's decision did not require reasons to be provided and that the approval of a high-ranking authority was sufficient. As there were no allegations of mala fide, the court declined to interfere with the Assessing Officer's judgment. Precedents cited were deemed not directly applicable, and the court emphasized the safeguard provided by the involvement of a high-ranking authority. Ultimately, the court ruled in favor of the revenue, finding no fault in the initiation of the special audit. en-us Thu, 02 Apr 1998 00:00:00 +0530 Fri, 09 Oct 2015 18:13:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174544 The court dismissed the petition challenging the initiation of a special audit under section 142(2A) of the Income-tax Act, 1961. The court held that the Assessing Officer's decision did not require reasons to be provided and that the approval of a high-ranking authority was sufficient. As there were no allegations of mala fide, the court declined to interfere with the Assessing Officer's judgment. Precedents cited were deemed not directly applicable, and the court emphasized the safeguard provided by the involvement of a high-ranking authority. Ultimately, the court ruled in favor of the revenue, finding no fault in the initiation of the special audit. Case-Laws Income Tax Thu, 02 Apr 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174544