Special audit u/s 142(2A) - the exercise of jurisdiction under ...

Tax Assessment u/s 142(2A) Lacks Proper Review; Same-Day Approval by CIT Deemed Unsustainable by Court.

May 15, 2021

Case Laws Income Tax AT

Special audit u/s 142(2A) - the exercise of jurisdiction under section 142(2A) of the Act has been exercised in a mechanical, routine and perfunctory manner and so is the approval granted by the CIT as all the formalities were done on the same day. Therefore the assessment framed by the AO cannot be sustained as the same suffer from legal infirmities of improper exercise of jurisdiction on the part of the tax authorities u/s 142(2A) of the Act. - AT

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Special audit u/s 142(2A) - the exercise of jurisdiction under ...

Tax Assessment u/s 142(2A) Lacks Proper Review; Same-Day Approval by CIT Deemed Unsustainable by Court.

May 15, 2021

Case Laws Income Tax AT

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