Special audit was justified if assessee failed to submit details of income & exp. due to complex accounting system

INCOME TAX : Where assessee-company, running a hotel in Ahmedabad, at Mount Abu and also serving flight catering in Indian Airines at Ahmedabad Airport, is served with notice directing for conducting special audit under section 142(2A) on ground that assessee is not in a position to submit detailed Profit and Loss account as called for and system of maintenance of accounts of assessee is so complex that assessee is not in a position to submit details of various heads of income and expenditure

from www.taxmann.com Latest Case Laws https://ift.tt/2MmUZkK