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Special Audit

Ignore Special Audit Direction? Know Consequences as per New Finance Bill [Read Finance Bill 2026]

The Finance Bill, 2026 has proposed to amend the penal provision with regards to the ignorance of Special Audit directions issued by the...

Audit and Special Audit Provisions under GST: A Comprehensive Analysis of Section 65 and 66

ITAT upholds Assessment passed u/s 153A/144 of Income Tax Act based on Special Audit conduct u/s...

Assessment Order passed barred by Limitation can’t be extended under guise of Special Audit referred...

Time taken for legal Remedy against Special Audit shall be excluded from Prescribed Time Limit: ITAT...

Madras HC Orders to Conduct Special Audit for ICAI in Three Months Upon Finding Irregularities [Read Order]

The Madras High Court has ordered to conduct a Special Audit for the Institute of Chartered Accountants of India (ICAI) in three months after considering the allegations raised by a Chartered...

Madras High Court - Special Audit - Audit - Conduct Special Audit - ICAI - Taxscan

Bombay HC rules against Multi Commodity Exchange of India affirming Special Audit [Read Judgment]

The Bombay High Court in the case of Multi Commodity Exchange of India v. DCIT by its Bench constituting of Justices Akil Kureshi and B.P. Colabawalla held that for the assessment years 2010-11 and...

ITAT Quashes Assessment since Special Audit Reference was Illegal [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) has held that as the special audit reference was illegal, the assessment order is barred by time limitation and hence, liable to be...

Delhi High Court asks Patanjali to Co-operate with Special Audit [Read Judgment]

A two-judge bench of the Delhi High Court, while dismissing a petition by the Patanjali Ayurveda Ltd, directed them to co-operate with the Special Audit proposed by the income tax department. The...

Mechanism of Audit by Tax Authorities under GST Laws

With GST laws being enforce for over a year and teething technical issues having been resolved to a large extent; the authorities may in the coming months choose to undertake greater scrutiny in the...

No Relief to Nokia: Delhi HC upholds Initiation of Special Audit communicated by Letter with Terms of Reference [Read Judgment]

In a major setback to M/s Nokia India Private Ltd, the Delhi High Court recently upheld special audit against the Company and ruled that the special audit can be initiated when the assessment...

UP Govt Orders Special Audit of VAT Refunds issued till July 1st

The Uttar Pradesh Government issued an order regarding Special Audit of VAT Refunds issued during the financial years 2016-17 and 2017-18 till 1st July 2017 wherever the amount of a single refund was...