https://www.taxtmi.com/caselaws?id=411436 The court dismissed both petitions challenging the directions dated 22.4.2021 issued under Section 142(2A) of the Income Tax Act, 1961. It held that the directions for a special audit by a nominated accountant were not arbitrary or illegal. The court emphasized that the Assessing Officer's power to order a special audit considers the nature, complexity, and correctness of accounts, as well as the specialized nature of business activities and revenue interests. The court extended the interim relief granted to the petitioners to appeal to a higher forum, excluding the period of pending petitions from the limitation period calculation under Section 142(2C) of the Act. en-us Thu, 19 Aug 2021 00:00:00 +0530 Fri, 22 Oct 2021 15:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411436 The court dismissed both petitions challenging the directions dated 22.4.2021 issued under Section 142(2A) of the Income Tax Act, 1961. It held that the directions for a special audit by a nominated accountant were not arbitrary or illegal. The court emphasized that the Assessing Officer's power to order a special audit considers the nature, complexity, and correctness of accounts, as well as the specialized nature of business activities and revenue interests. The court extended the interim relief granted to the petitioners to appeal to a higher forum, excluding the period of pending petitions from the limitation period calculation under Section 142(2C) of the Act. Case-Laws Income Tax Thu, 19 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411436