https://www.taxtmi.com/caselaws?id=300506 The High Court quashed the order directing a special audit of the assessee's accounts under Section 142(2A) of the Income Tax Act due to lack of reasons, following precedents emphasizing the necessity of providing cogent reasons in such orders. The Court highlighted that the absence of reasons renders the order invalid and unsustainable in law. The Assessing Authority was granted liberty to issue a fresh order in compliance with legal requirements, with an extension of the limitation period. The writ petition was disposed of, and certified copies of the order were to be provided to the counsels involved. en-us Mon, 13 Apr 2015 00:00:00 +0530 Mon, 07 Feb 2022 21:12:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300506 The High Court quashed the order directing a special audit of the assessee's accounts under Section 142(2A) of the Income Tax Act due to lack of reasons, following precedents emphasizing the necessity of providing cogent reasons in such orders. The Court highlighted that the absence of reasons renders the order invalid and unsustainable in law. The Assessing Authority was granted liberty to issue a fresh order in compliance with legal requirements, with an extension of the limitation period. The writ petition was disposed of, and certified copies of the order were to be provided to the counsels involved. Case-Laws Income Tax Mon, 13 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300506