2012 (7) TMI 921 - SCH - Income Tax

Special audit - Assistant Commissioner of Income Tax (Central Circle), passed under Section 142(2A) of the Income Tax Act directed the petitioner to get its accounts audited for the financial years 2001-02 to 2007-08.

Summary

The Supreme Court ordered the High Court to expedite the hearing and disposal of Writ Tax No.418 of 2010 within six weeks. The High Court should decide the matter independently, regardless of the pending special leave petition. No opinion on the case's merits was expressed, and all arguments remain open. The special leave petition was adjourned for eight weeks.