https://www.taxtmi.com/caselaws?id=433374 The Tribunal found the appointment of a special auditor under section 142(2A) of the Income Tax Act to be illegal due to lack of examination of accounts and proper opportunity for the assessee to be heard. Consequently, the assessment orders passed beyond the limitation period were deemed invalid, leading to the quashing of the assessment orders and deletion of consequential additions. As a result, the penalty levied under section 271(1)(c) was set aside, and the appeals of the assessees were allowed, while the Revenue's appeal was dismissed. en-us Fri, 30 Dec 2022 00:00:00 +0530 Fri, 27 Jan 2023 11:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433374 The Tribunal found the appointment of a special auditor under section 142(2A) of the Income Tax Act to be illegal due to lack of examination of accounts and proper opportunity for the assessee to be heard. Consequently, the assessment orders passed beyond the limitation period were deemed invalid, leading to the quashing of the assessment orders and deletion of consequential additions. As a result, the penalty levied under section 271(1)(c) was set aside, and the appeals of the assessees were allowed, while the Revenue's appeal was dismissed. Case-Laws Income Tax Fri, 30 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433374