https://www.taxtmi.com/caselaws?id=459828 ITAT Delhi held that extension of time for Special Audit under Section 142(2A) granted by PCIT upon AO's recommendation was legally invalid. The tribunal found that discretionary power for extension vests solely with the AO and is non-delegable. Following Soul Space Projects Ltd. precedent, PCIT lacked statutory authority to grant such extension. Since the extension suffered from multiple legal infirmities, the assessment order was declared void ab-initio. en-us Tue, 30 Jan 2024 00:00:00 +0530 Mon, 30 Dec 2024 19:58:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459828 ITAT Delhi held that extension of time for Special Audit under Section 142(2A) granted by PCIT upon AO's recommendation was legally invalid. The tribunal found that discretionary power for extension vests solely with the AO and is non-delegable. Following Soul Space Projects Ltd. precedent, PCIT lacked statutory authority to grant such extension. Since the extension suffered from multiple legal infirmities, the assessment order was declared void ab-initio. Case-Laws Income Tax Tue, 30 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459828