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Income Tax - Highlights / Catch Notes

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Special audit u/s 142[2A] - AO's formation of belief that ...


High Court Upholds Special Audit u/s 142(2A) Due to Complex Business Transactions and Specialized Activities.

April 21, 2017

Case Laws     Income Tax     HC

Special audit u/s 142[2A] - AO's formation of belief that looking to the multiplicity of the transactions in the accounts and specialized nature of business activities of the assessee, a special audit is called for, and therefore, it cannot be faulted. - HC

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