https://www.taxtmi.com/caselaws?id=298186 The ITAT affirmed its jurisdiction in adjudicating the reference for special audit under section 142(2A) of the Income Tax Act, 1961. Relying on the High Court's decision in a similar case, the ITAT concluded that it was within its authority to assess the validity of the reference. The ITAT dismissed all Miscellaneous Applications filed by the Revenue, upholding its decision and emphasizing alignment with the High Court's interpretation and the Apex Court's precedent in Sahara India (Firm) Vs. CIT. en-us Fri, 19 Mar 2021 00:00:00 +0530 Tue, 19 Oct 2021 08:21:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298186 The ITAT affirmed its jurisdiction in adjudicating the reference for special audit under section 142(2A) of the Income Tax Act, 1961. Relying on the High Court's decision in a similar case, the ITAT concluded that it was within its authority to assess the validity of the reference. The ITAT dismissed all Miscellaneous Applications filed by the Revenue, upholding its decision and emphasizing alignment with the High Court's interpretation and the Apex Court's precedent in Sahara India (Firm) Vs. CIT. Case-Laws Income Tax Fri, 19 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298186