Court held that though special audit report issued by CA under section 142(2A) to (2D) is not binding on revenue, however, reasons for discarding it have to be recorded by Assessing Authority after proper discussion and same could not have been discarded summarily. Matter remanded. (AY. 2014-15 to 2017-18)
SRS Mining v. UOI (2022) 328 CTR 510 / 217 DTR 321/ 141 taxmann.com 272 (Mad.)(HC).Notice is issued in SLP filed by the Revenue , ACIT v. SRS Mining (2023) 294 Taxman 604 (SC)
S. 142(2A) : Inquiry before assessment-Special audit-Audit report is not binding on revenue-Reasons for discarding it have to be recorded by Assessing Authority after proper discussion and same could not have been discarded summarily-Matter remanded. [Art. 226]