Special Audit: Period petition remained pending for verdict needs to be excluded in computation

Dishman Infrastructure Limited Vs ACIT (Gujarat High Court) Request made by the learned Sr. Advocate Mr.M. R. Bhatt for the respondent to exclude the period during which the present petition remained pending in the High Court after issuance of the notice i.e. from 14.6.20201 till this date, deserves to be considered for the purpose of Section 142(2C) of the Act. The Supreme Court in case of VLS Finance Ltd. & Anr. Vs. CIT & Anr. (supra), dealing with similar issue observed as under:- “23. We, therefore, agree with the High Court that the special audit was an integral step towards ass...