https://www.taxtmi.com/caselaws?id=13125 The High Court ruled in favor of the Revenue, overturning the decisions of the Appellate Tribunal. It held that the reference under section 142(2A) of the Income-tax Act was valid, as the Assessing Officer was obligated to complete the assessment despite no pending proceeding. The Court also determined that the assessment completion date fell within the permissible timeframe under section 153 of the Act, excluding the period for the special audit. Additionally, the special audit ordered under section 142(2A) was deemed authorized. The Court directed the Tribunal to reconsider the appeals based on the clarified legal positions provided in the judgment. en-us Tue, 13 Nov 2001 00:00:00 +0530 Tue, 26 May 2009 15:19:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13125 The High Court ruled in favor of the Revenue, overturning the decisions of the Appellate Tribunal. It held that the reference under section 142(2A) of the Income-tax Act was valid, as the Assessing Officer was obligated to complete the assessment despite no pending proceeding. The Court also determined that the assessment completion date fell within the permissible timeframe under section 153 of the Act, excluding the period for the special audit. Additionally, the special audit ordered under section 142(2A) was deemed authorized. The Court directed the Tribunal to reconsider the appeals based on the clarified legal positions provided in the judgment. Case-Laws Income Tax Tue, 13 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13125