https://www.taxtmi.com/caselaws?id=337183 The Tribunal ruled in favor of the assessee, holding that the assessment orders were invalid and beyond the period of limitation due to procedural errors in the special audit process. The Tribunal emphasized the importance of providing the assessee with an opportunity to be heard before a reference for special audit is made and found various discrepancies in the taxation of income based on seized diaries. The appeals of the assessee were allowed, while those of the Revenue were dismissed. en-us Wed, 21 Dec 2016 00:00:00 +0530 Wed, 10 May 2017 17:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337183 The Tribunal ruled in favor of the assessee, holding that the assessment orders were invalid and beyond the period of limitation due to procedural errors in the special audit process. The Tribunal emphasized the importance of providing the assessee with an opportunity to be heard before a reference for special audit is made and found various discrepancies in the taxation of income based on seized diaries. The appeals of the assessee were allowed, while those of the Revenue were dismissed. Case-Laws Income Tax Wed, 21 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337183