Section 153(3)(ii) Prevails Over Section 153(2A) in Special Audit Cases: ITAT Lucknow

U.P. Cooperative Federation Ltd. Vs ITO-2(3) (ITAT Lucknow) No Limitation Bar Where Special Audit Directions Exist: Lucknow ITAT Dismisses Appeal of U.P. Cooperative Federation; s.153(3)(ii) Overrides s.153(2A) Lucknow ITAT (Bench “B”) in U.P. Cooperative Federation Ltd. vs. ITO-2(3), Lucknow (ITA No.260/LKW/2023, AY 2003-04, order dated 19.12.2025) dismissed the assessee’s appeal and upheld the assessment framed on 25.08.2014. The Tribunal rejected the assessee’s primary plea that the assessment was time-barred u/s 153(2A) and accepted Revenue’s stand that the case was covered by Se...