https://www.taxtmi.com/caselaws?id=344650 The court upheld the legality of the special audit order under Section 142(2A) of the Income Tax Act, citing the complexity and volume of transactions. It found compliance with natural justice principles, noting the detailed show-cause notice and opportunities given to the petitioner. The court determined that the Assessing Officer and Principal Commissioner adequately recorded satisfaction and reasons for the special audit, dismissing claims of inadequate opportunity. The approval process by the Principal Commissioner was deemed valid, emphasizing the necessity of the special audit for accurate income determination and revenue interests. en-us Wed, 26 Apr 2017 00:00:00 +0530 Mon, 14 May 2018 12:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344650 The court upheld the legality of the special audit order under Section 142(2A) of the Income Tax Act, citing the complexity and volume of transactions. It found compliance with natural justice principles, noting the detailed show-cause notice and opportunities given to the petitioner. The court determined that the Assessing Officer and Principal Commissioner adequately recorded satisfaction and reasons for the special audit, dismissing claims of inadequate opportunity. The approval process by the Principal Commissioner was deemed valid, emphasizing the necessity of the special audit for accurate income determination and revenue interests. Case-Laws Income Tax Wed, 26 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344650