High Court Criticizes Assessing Authority's Hasty Use of Section 142(2A) for Special Audit on Tax-Exempt Government Entity.

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....Special Audit u/s 142(2A) - The hot-haste, the casual and cavalier attitude of the Respondent Assessing Authority in which he is invoking a serious provision of the Act against an assessee which is a Government Undertaking engaged in a public purpose of Industrial Development and being exempt from Income Tax under the KIADB Act itself, are very telling facts - HC....