https://www.taxtmi.com/caselaws?id=356229 The Court upheld the Income Tax Department's decision to conduct a Special Audit on a private limited company for the Assessment Year 2015-2016 under Section 142(2A) of the Income Tax Act, 1961. The Court found the reasons provided by the Authority for the Special Audit to be relevant, pointing out discrepancies in the company's accounting practices for various real estate projects. It concluded that there was no breach of natural justice and that the Authority had followed the necessary procedures, dismissing the Writ Petition challenging the Special Audit. en-us Mon, 12 Feb 2018 00:00:00 +0530 Fri, 18 Sep 2020 12:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356229 The Court upheld the Income Tax Department's decision to conduct a Special Audit on a private limited company for the Assessment Year 2015-2016 under Section 142(2A) of the Income Tax Act, 1961. The Court found the reasons provided by the Authority for the Special Audit to be relevant, pointing out discrepancies in the company's accounting practices for various real estate projects. It concluded that there was no breach of natural justice and that the Authority had followed the necessary procedures, dismissing the Writ Petition challenging the Special Audit. Case-Laws Income Tax Mon, 12 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356229