https://www.taxtmi.com/caselaws?id=433284 The special audit extension under section 142(2C) of the Income-tax Act was invalid because the Assessing Officer did not pass a proper order within time, and a post-expiry communication after Principal Commissioner approval could not replace the statutory exercise of power. On that basis, the assessment had to be completed within the prescribed period. The belated assessment was therefore treated as barred by limitation and void ab initio, so the Revenue's challenge failed. en-us Mon, 23 Jan 2023 00:00:00 +0530 Wed, 25 Jan 2023 10:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433284 The special audit extension under section 142(2C) of the Income-tax Act was invalid because the Assessing Officer did not pass a proper order within time, and a post-expiry communication after Principal Commissioner approval could not replace the statutory exercise of power. On that basis, the assessment had to be completed within the prescribed period. The belated assessment was therefore treated as barred by limitation and void ab initio, so the Revenue's challenge failed. Case-Laws Income Tax Mon, 23 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433284