AO not an expert, duty bound to direct special audit u/s 142(2A) in complex business
April 11, 2025
Income Tax, ITAT
AO not being an expert of accounts, having regard to complexity of business of the assesse was duty bound to invoke & direct a special audit u/s 142(2A) of the Act. In a recent judgment ITAT Panji has set aside assessment making ad hoc estimation of gross profits …