Validity of the reference for special audit u/s 142(2A) of the Income Tax Act

Last updated: 15 October 2021

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The Income Tax Appellate Tribunal (ITAT) in Chandigarh has ruled in favour of the assessee regarding the validity of a special audit reference. The assessee argued that the issue was covered by a previous ITAT decision with identical facts. The Revenue contended that the ITAT lacked jurisdiction to decide on the special audit's validity, citing a Supreme Court case. However, the Revenue could not dispute that the special audit reference was for the same purposes as in the precedent case. Consequently, all appeals filed by the assessee were allowed.

Court :
ITAT Chandigarh

Brief :
Al l the above appeals have been preferred by the same assessee against separate orders of the Learned Commissioner of Income Tax (Appeals) -1, Ludhiana [ ( in short the ‘Ld. CIT(A) ] al l dated 25.03.2013

Citation :
ITA Nos.696 to 698/Chd/2013

Daily Limit Reached