Taxman's Order for Special Audit Quashed for Lack of Recorded Reasons; Extension to Auditor Instead of Assessee Held Invalid.

Taxman's Order for Special Audit Quashed for Lack of Recorded Reasons; Extension to Auditor Instead of Assessee Held Invalid. https://www.taxtmi.com/highlights?id=84430 AO's order for special audit u/s 142(2A) quashed as satisfaction not recorded as mandated; extension for furnishing special audit report granted to auditor instead of assessee held invalid as beyond AO's jurisdiction; CIT(A)'s findings upholding invalidity of assessment affirmed by ITAT. en-us Tue, 31 Dec 2024 08:43:12 +0530 Tue, 31 Dec 2024 08:43:12 +0530 TaxTMI RSS Generator Taxman's Order for Special Audit Quashed for Lack of Recorded Reasons; Extension to Auditor Instead of Assessee Held Invalid. https://www.taxtmi.com/highlights?id=84430 AO's order for special audit u/s 142(2A) quashed as satisfaction not recorded as mandated; extension for furnishing special audit report granted to auditor instead of assessee held invalid as beyond AO's jurisdiction; CIT(A)'s findings upholding invalidity of assessment affirmed by ITAT. Highlights Income Tax Tue, 31 Dec 2024 08:43:12 +0530 https://www.taxtmi.com/highlights?id=84430