https://www.taxtmi.com/caselaws?id=10836 The High Court upheld the validity of the direction for special audit under section 142(2A) of the Income-tax Act, 1961, ruling in favor of the Revenue. The Court held that the Assessing Officer's discretion in issuing the direction was legal and proper, excluding the time spent in special audit for assessment purposes. Additionally, the Court determined that the assessment was within the limitation period, rejecting the Tribunal's decision to cancel it on limitation grounds. en-us Mon, 04 Oct 2004 00:00:00 +0530 Sat, 25 Jul 2009 17:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10836 The High Court upheld the validity of the direction for special audit under section 142(2A) of the Income-tax Act, 1961, ruling in favor of the Revenue. The Court held that the Assessing Officer's discretion in issuing the direction was legal and proper, excluding the time spent in special audit for assessment purposes. Additionally, the Court determined that the assessment was within the limitation period, rejecting the Tribunal's decision to cancel it on limitation grounds. Case-Laws Income Tax Mon, 04 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10836