Rejection of special auditor report without specifying reasons inexplicable

DCIT Vs Natural Food Products (ITAT Chennai) ITAT Chennai held that in the present case AO himself referred the matter for special audit u/s 142(2A), however, report of special auditor was later rejected without assigning any reasons for the same is in explicable. Facts- The Appellant is engaged in the business of trading of eggs, dhal, oil and sugar. The main product supplied by the appellant during the period was Egg (hen) which was supplied as per the terms of the contract entered with ICDS and Noon Meal Scheme of Govt. of Tamil Nadu. A search and seizure, u/s. 132 of the Income Tax Act was...