2019 (5) TMI 550

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.... HONOURABLE MS.JUSTICE HARSHA DEVANI) 1. Mr. R. K. Patel, learned advocate for the petitioner submitted that the petitioner is a Chartered Accountant, who is a partner in a firm of Chartered Accountants and therefore, as an individual, he is not required to maintain any books of account. It was submitted that when the petitioner has not maintained any regular books of account for his personal af....

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....unts, volume of the accounts, doubts about the correctness of the accounts, multiplicity and specialized nature of transactions and the interest of the revenue, the accounts of the petitioner for financial year 2010-11 to 2016-17 relevant to assessment years 2011-12 to 2017-18 are required to be audited by an accountant, as defined under section 288(2) of the Act. It was pointed out that insofar a....

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....arent that the reference to the accountant is without application of mind. 3. It was further submitted that merely because time limit for assessment under section 153A of the Act was coming to an end, that the Assessing Officer has resorted to the provisions of section 142(2A) of the Act with a view to extend the period of limitation despite the fact that there is no warrant for referring the ma....