Special Audit Order u/s 142(2A) Invalid: CIT Failed to Provide Basis, Assessment Barred by Limitation.

Validity of order u/s 142(2A) - special audit - despite the appellant seeking the basis on which directions for special audit is proposed to be issued, the learned CIT dispensed with that precondition and granted approval which itself vitiates the whole process of granting approval - illegal, invalid and not in accordance with law and thus the assessment so made is barred by limitation - AT .....

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