https://www.taxtmi.com/caselaws?id=308036 The tribunal allowed the appeal by the assessee, quashing the assessment order due to being time-barred and the invalid appointment of the Special Auditor. The tribunal emphasized the importance of the assessing officer genuinely understanding the accounts before deeming them complex, following legal principles set by the Supreme Court. Additionally, the additions made under sections 2(24)(iv) and 56(1) were set aside as they relied on an invalid Special Audit report. en-us Fri, 23 Dec 2022 00:00:00 +0530 Thu, 25 May 2023 09:10:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308036 The tribunal allowed the appeal by the assessee, quashing the assessment order due to being time-barred and the invalid appointment of the Special Auditor. The tribunal emphasized the importance of the assessing officer genuinely understanding the accounts before deeming them complex, following legal principles set by the Supreme Court. Additionally, the additions made under sections 2(24)(iv) and 56(1) were set aside as they relied on an invalid Special Audit report. Case-Laws Income Tax Fri, 23 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308036