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2000 (3) TMI 8 - HC - Income TaxAudit of accounts - petitioners were directed to get their accounts audited and furnish the report of such audit in the prescribed form duly signed and verified by the chartered accountant - The petitioners failed to perform their duty and obligation to produce the account books and relevant information which were complex in nature before the income-tax authorities for the assessment of income-tax leaving no option to the Assessing Officer but to exercise his powers under section 142(2A). - Such an action was genuinely required in the interests of the Revenue. We are definitely of the view that the special audit, having regard to the complexity of accounts, is relevant for the assessment proceeding. – Petition of assessee is dismissed
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