https://www.taxtmi.com/caselaws?id=10836 A special audit direction under the Income-tax Act is valid where the Assessing Officer forms bona fide satisfaction on material showing complexity of accounts; the term "complex" is to be read broadly, and numerous transactions, discrepancies, erasures or overwritings may justify the audit. Once the special audit direction is valid, the period spent in audit is excluded while computing limitation for assessment under the relevant limitation provision. On that basis, the assessment is treated as within time. 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 A special audit direction under the Income-tax Act is valid where the Assessing Officer forms bona fide satisfaction on material showing complexity of accounts; the term "complex" is to be read broadly, and numerous transactions, discrepancies, erasures or overwritings may justify the audit. Once the special audit direction is valid, the period spent in audit is excluded while computing limitation for assessment under the relevant limitation provision. On that basis, the assessment is treated as within time. Case-Laws Income Tax Mon, 04 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10836