| Citation(s) |
|---|
| 2004 SLG 220 2004 SLD 220 2004 PTD 2174 (2002) 255 ITR 268 (2003) 87 TAX 263 |
Supreme Court of India
Civil Appeal No. 4582 of 1999, decision dated: 8-08-2001
S. P. BHARUCHA, Y. K. SABHARWAL AND BRIJESH KUMAR, JJ
M.L. Verma and Kailash Vasudev, Senior Advocates (Ms. V.D. Khanna, Advocate with them) for Appellant B.B. Ahjua, Senior Advocate (Pritesh Kapur, B.V. Balram Das and Ms. Sushma Suri, Advocates with him) for
Respondents
Civil Appeal No. 4582 of 1999, decision dated: 8-08-2001
S. P. BHARUCHA, Y. K. SABHARWAL AND BRIJESH KUMAR, JJ
M.L. Verma and Kailash Vasudev, Senior Advocates (Ms. V.D. Khanna, Advocate with them) for Appellant B.B. Ahjua, Senior Advocate (Pritesh Kapur, B.V. Balram Das and Ms. Sushma Suri, Advocates with him) for
Respondents
LIVING MEDIA LTD
VS
COMMISSIONER OF Income Tax and another
Law: Income Tax Act, 1961
Section: 142(2A)
Income-tax----Assessment proceedings---Enquiry---Special Audit---Voluminous details to answer questions raised by assessing authority---Assessing authority directing special audit of accounts to be carried out---On basis of nature and complexity of accounts---Valid---Indian Income Tax Act, 1961, S.142(2A). The High Court dismissed a writ petition filed by the assessee against an order under section 142 (2A) of the Income Tax Act, 1961, directing special audit of its accounts to be carried out, because, on its own showing, the assessee had filed voluminous details running into about 500 pages to explain the questions raised by the assessing authority and further details running into 1,000 pages, and this prima facie supported the formation of the opinion by the assessing authority for conducting special audit under section 142(2A). On appeal to the Supreme Court: Held, affirming the decision of the High Court, that there was…
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