Dismissing the petition the Court held that ;Accounts were complex and there was multiplicity of transactions .Notice was approved by PCIT after application of mind and also opportunity to be heard was given to assessee .Accordingly the order for special audit is held to be valid . (AY.2009-10 to 2015-16)
Pratius Merchants P. Ltd. v. DCIT (2018) 404 ITR 474/170 DTR 122/ 304 CTR 758 (Guj) (HC)
S.142(2A): Inquiry before assessment– Special audit– Accounts were complex and there was multiplicity of transactions – Notice was approved by PCIT after application of mind and also opportunity to be heard was given to assessee — Order for special audit is held to be valid .