https://www.taxtmi.com/caselaws?id=366255 The High Court approved modified terms of reference for special audit for assessment years 2008-2009 to 2013-2014 under Section 142(2A) of the Income Tax Act, 1961. The court directed that interim orders staying special audit and assessment proceedings for specific years would continue until the audit for the immediate preceding year is completed to streamline the process and prevent disputes. Parties could engage with the assessing officer and special auditor based on earlier audit or assessment orders. The court emphasized the importance of avoiding simultaneous audits for all years to prevent complications and manpower issues. The writ petitions were disposed of without costs, and pending advance pricing agreement proceedings were unaffected. en-us Fri, 20 Jul 2018 00:00:00 +0530 Fri, 31 Aug 2018 06:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366255 The High Court approved modified terms of reference for special audit for assessment years 2008-2009 to 2013-2014 under Section 142(2A) of the Income Tax Act, 1961. The court directed that interim orders staying special audit and assessment proceedings for specific years would continue until the audit for the immediate preceding year is completed to streamline the process and prevent disputes. Parties could engage with the assessing officer and special auditor based on earlier audit or assessment orders. The court emphasized the importance of avoiding simultaneous audits for all years to prevent complications and manpower issues. The writ petitions were disposed of without costs, and pending advance pricing agreement proceedings were unaffected. Case-Laws Income Tax Fri, 20 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366255