Assessment order passed within 60 days of direction of special audit as per sec. 153, was not barred

IT: Where in terms of letter issued by Assessing Officer, assessee was required to get its accounts audited under section 142(2A) by 12-4-2006, in such a case even though assessment for assessment year 2003-04 was required to be completed by 31-3-2006, in view of proviso to clause (iii) of Explanation 1 to section 153, period of limitation extended to 60 days starting from 12-4-2006 and, thus, assessment order passed on 9-6-2006 could not be regarded as barred by limitation