https://www.taxtmi.com/caselaws?id=10435 The High Court upheld the validity of the special audit direction issued under section 142(2A) of the Income-tax Act, 1961, finding that the Assessing Officer had applied his mind adequately and acted within jurisdiction. The Court emphasized the broad discretion of the Assessing Officer in ordering a special audit, highlighting the need for objective consideration and examination of all relevant materials beyond just the books of account. The petition challenging the direction was dismissed, with the Court emphasizing the importance of a genuine effort by the officer in understanding the accounts before resorting to a special audit. en-us Thu, 03 Feb 2005 00:00:00 +0530 Wed, 15 Jul 2009 18:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10435 The High Court upheld the validity of the special audit direction issued under section 142(2A) of the Income-tax Act, 1961, finding that the Assessing Officer had applied his mind adequately and acted within jurisdiction. The Court emphasized the broad discretion of the Assessing Officer in ordering a special audit, highlighting the need for objective consideration and examination of all relevant materials beyond just the books of account. The petition challenging the direction was dismissed, with the Court emphasizing the importance of a genuine effort by the officer in understanding the accounts before resorting to a special audit. Case-Laws Income Tax Thu, 03 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10435