https://www.taxtmi.com/caselaws?id=33854 The High Court upheld the Assistant Commissioner's decision to direct a Special Audit of the petitioner, Jammu Development Authority, under Section 142 (2A) of the Income Tax Act, 1961. The Court found that the Authority's accounts were incomplete and unreliable, justifying the need for a thorough examination. Despite the Authority's objections alleging procedural irregularities and lack of natural justice, the Court determined that the decision for the Special Audit was objective and based on the Authority's failure to provide satisfactory explanations. The writ petition challenging the Special Audit order was dismissed for lack of grounds for interference. en-us Fri, 05 Jun 2009 00:00:00 +0530 Thu, 18 Jun 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33854 The High Court upheld the Assistant Commissioner's decision to direct a Special Audit of the petitioner, Jammu Development Authority, under Section 142 (2A) of the Income Tax Act, 1961. The Court found that the Authority's accounts were incomplete and unreliable, justifying the need for a thorough examination. Despite the Authority's objections alleging procedural irregularities and lack of natural justice, the Court determined that the decision for the Special Audit was objective and based on the Authority's failure to provide satisfactory explanations. The writ petition challenging the Special Audit order was dismissed for lack of grounds for interference. Case-Laws Income Tax Fri, 05 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33854