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2004 (4) TMI 42 - HC - Income TaxWhether Assistant Commissioner of Income-tax was justified in invoking the powers conferred under section 142(2A) of the Income-tax Act, 1961, for getting the accounts of the assessee, i.e., the petitioner, audited from an accountant as defined in the Explanation below sub-section (2) of section 288? – Held that the authority in this case, was justified in issuing the impugned direction looking to the peculiar facts emerging from the record of the case, and the material collected against the petitioner and the nature and complexity of the accounts, the petition must be dismissed. - the impugned directions have to be given effect to by getting the accounts of the petitioner audited strictly in accordance with the requirement of the Act and the rules framed thereunder to enable the Assessing Officer to make assessments within the time specified in accordance with law.
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