2022 (6) TMI 811 - SCH - Income Tax

Special audit u/s 142(2A) - AO Jurisdiction to give directions for a special audit - necessary approval of the Principal Commissioner of the Income Tax or not? - As per HC Assessing Officer does have the jurisdiction to give directions for a special audit under Section 142(2A) - Period during which both the petitions remained pending i.e. from the date of issuance of notice on 14.6.2021 till the date of pronouncement of judgement, shall be excluded while counting the period prescribed in the proviso to Sub-section (2C) of Section 142 - HELD THAT - We see no reason to interfere with the impugned judgment and order(s) passed by the High Court, which is a well reasoned and well considered judgment. Hence, the Special Leave Petitions are dismissed. Pending applications stand disposed of.

Summary

The Supreme Court of India dismissed the Special Leave Petitions as they saw no reason to interfere with the well-reasoned judgment and orders passed by the High Court. Pending applications were disposed of.