Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2010 (11) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2010 (11) TMI 339 - HC - Income TaxTime limitation of assessment u/s 153 - sub-section (2A) of section 142 authorises the Assessing Officer with the previous approval of the Chief Commissioner or Commissioner to direct the assessee to get the accounts audited by an accountant nominated by the Chief Commissioner or Commissioner - it may so happen that the chartered accountant, for many reasons, may not be able to complete the audit or prepare the report within the time granted by the Assessing Officer and it is absolutely within his powers to request for extension of time from the Assessing Officer for completion of audit and for filing report - If the powers of the officer to fix time for filing audit report under sub-section (2C) were not left flexible or elastic, the very scheme of section 142(2A) would be frustrated and defeated, if the auditor fails to finish the work within the time originally granted by the officer under sub-section (2C) - Appeal is allowed by way of remand
|