Under section 268 of the Income-tax Act, 2025, who nominates the accountant who conducts a special audit directed by the Assessing Officer?
Question and options
Under section 268 of the Income-tax Act, 2025, who nominates the accountant who conducts a special audit directed by the Assessing Officer?
The Institute of Chartered Accountants of India
The Assessing Officer who directs the special audit
The assessee, from among eligible chartered accountants
A Commissioner or an authority above that rank
Answer and explanation
Section 268(5) of the Income-tax Act, 2025 lets the Assessing Officer, with the previous approval of the Principal Chief Commissioner, Chief Commissioner, Principal Commissioner or Commissioner, direct a special audit, and section 268(6) requires one of those authorities to nominate the accountant. The assessee chooses its own accountant only for the tax audit under section 63.
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