https://www.taxtmi.com/caselaws?id=372062 The court upheld the legitimacy of the special audit order under Section 142(2A) for AY 2010-2011, dismissing the petitioner's challenge. The Assessing Officer's decision to initiate the audit was deemed justified due to complexities in the accounts, non-compliance with accounting standards, discrepancies in financial statements, and the need to verify deduction claims and income discrepancies. The court directed the assessee to cooperate with the special audit, emphasizing the necessity for accurate assessment of taxable income. en-us Thu, 06 Dec 2018 00:00:00 +0530 Thu, 31 Jan 2019 16:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372062 The court upheld the legitimacy of the special audit order under Section 142(2A) for AY 2010-2011, dismissing the petitioner's challenge. The Assessing Officer's decision to initiate the audit was deemed justified due to complexities in the accounts, non-compliance with accounting standards, discrepancies in financial statements, and the need to verify deduction claims and income discrepancies. The court directed the assessee to cooperate with the special audit, emphasizing the necessity for accurate assessment of taxable income. Case-Laws Income Tax Thu, 06 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372062