Audit report requirement now mandates furnishing the audit report under section 44AB when complying with the penalty provision. The amendment substitutes the earlier wording linking report procurement or furnishing with return filing or notice response, replacing it with a ... Summary
Audit report requirement now mandates furnishing the audit report under section 44AB when complying with the penalty provision.
The amendment substitutes the earlier wording linking report procurement or furnishing with return filing or notice response, replacing it with a requirement to furnish the audit report as required under section 44AB, thereby clarifying the form of compliance under the penalty provision with effect from the first day of July, 1995.
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