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DIRECTION FOR SPECIAL AUDIT SECTIONS 142(2A)

Income Tax - Return of Income and Assessment Procedure - 14 - (1) The AO may at any stage of proceedings before him, direct the assessee to get the accounts audited by a Chartered Accountant nominated by the Chief commissioner/Commissioner of Income- .....

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r Specialized nature of business activity of the assessee; and It is in the interest of the revenue to get the special audit done. is of the opinion that it is necessary so to do, he may with the approval direct the assessee to get his accounts audit .....

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e notice to the assessee to show cause as to why direction under section 142(2A) should not be issued to him. If the assessee proves that no complexities, etc. are involved in the accounts and interest of revenue is not affected adversely, then Asses .....

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142(2A). (3) The accounts shall be audited by a Chartered Accountant nominated by the Chief Commissioner or Commissioner and the audit fees and expenses relating to audit shall also be fixed by the Chief Commissioner or Commissioner. And remuneratio .....

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assessment under section 144. Besides, it attracts penalty under section 271 and prosecution under section 276D. These provisions are attracted only if there is a default by the assessee. If the accountant nominated by the Commissioner refuses to aud .....

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