https://www.taxtmi.com/caselaws?id=400733 The court dismissed the petition challenging a decision for compulsory audit under Section 142(2A) of the Income Tax Act. It was found that the petitioner, a State Public sector undertaking, had been given a proper opportunity of hearing before the audit direction was issued. The court emphasized the importance of complying with principles of natural justice in such cases, citing the necessity of a hearing before initiating a compulsory audit. The judgment underscored the significance of procedural fairness and adherence to legal principles in matters concerning compulsory audits under the Income Tax Act. en-us Sat, 07 Nov 2020 00:00:00 +0530 Mon, 18 Jan 2021 13:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400733 The court dismissed the petition challenging a decision for compulsory audit under Section 142(2A) of the Income Tax Act. It was found that the petitioner, a State Public sector undertaking, had been given a proper opportunity of hearing before the audit direction was issued. The court emphasized the importance of complying with principles of natural justice in such cases, citing the necessity of a hearing before initiating a compulsory audit. The judgment underscored the significance of procedural fairness and adherence to legal principles in matters concerning compulsory audits under the Income Tax Act. Case-Laws Income Tax Sat, 07 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400733