https://www.taxtmi.com/caselaws?id=310248 The court upheld the appointment of a Special Auditor under Section 142(2A) of the IT Act, finding that the Assessing Officer had valid reasons for ordering the audit due to the complexity and volume of transactions. The court determined that all necessary conditions for the appointment were met and dismissed claims of insufficient opportunity and intention to extend the assessment period. It concluded that the special audit was essential for determining the correct taxable income and that the Assessing Officer had followed due process. As a result, the petition was dismissed, and the special audit notice was upheld. en-us Wed, 26 Apr 2017 00:00:00 +0530 Fri, 13 Oct 2023 21:25:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310248 The court upheld the appointment of a Special Auditor under Section 142(2A) of the IT Act, finding that the Assessing Officer had valid reasons for ordering the audit due to the complexity and volume of transactions. The court determined that all necessary conditions for the appointment were met and dismissed claims of insufficient opportunity and intention to extend the assessment period. It concluded that the special audit was essential for determining the correct taxable income and that the Assessing Officer had followed due process. As a result, the petition was dismissed, and the special audit notice was upheld. Case-Laws Income Tax Wed, 26 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310248