https://www.taxtmi.com/caselaws?id=767662 ITAT Hyderabad held that AO's reference to special audit u/sec.142(2A) without satisfying prescribed conditions was arbitrary, illegal and void ab initio. Consequently, AO did not get extended time limit for assessment completion under sec.153A, rendering final assessment orders for AY 2014-15 and 2015-16 barred by limitation and quashed. However, regarding addition u/sec.69 for unexplained payments, ITAT upheld CIT(A)'s decision sustaining the addition as assessee failed to establish source of payment made after 4-year gap from advance received. en-us Thu, 20 Mar 2025 00:00:00 +0530 Sat, 22 Mar 2025 08:34:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767662 ITAT Hyderabad held that AO's reference to special audit u/sec.142(2A) without satisfying prescribed conditions was arbitrary, illegal and void ab initio. Consequently, AO did not get extended time limit for assessment completion under sec.153A, rendering final assessment orders for AY 2014-15 and 2015-16 barred by limitation and quashed. However, regarding addition u/sec.69 for unexplained payments, ITAT upheld CIT(A)'s decision sustaining the addition as assessee failed to establish source of payment made after 4-year gap from advance received. Case-Laws Income Tax Thu, 20 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767662