Access to business premises allows authorised officers to inspect records and electronic systems enabling tax audits and verifications. Access to business premises authorises officers authorised by a proper officer of at least Joint Commissioner rank to inspect books, documents and electronic systems at a registered person's place of business for audits, scrutiny, verification and revenue safeguarding checks. Persons in charge must produce declared accounting records, trial balances, audited annual financial statements where required, cost audit and income tax audit reports and any other relevant records to the authorised officer, audit party or nominated chartered or cost accountant within fifteen working days of demand, subject to permitted extensions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Access to business premises allows authorised officers to inspect records and electronic systems enabling tax audits and verifications.
Access to business premises authorises officers authorised by a proper officer of at least Joint Commissioner rank to inspect books, documents and electronic systems at a registered person's place of business for audits, scrutiny, verification and revenue safeguarding checks. Persons in charge must produce declared accounting records, trial balances, audited annual financial statements where required, cost audit and income tax audit reports and any other relevant records to the authorised officer, audit party or nominated chartered or cost accountant within fifteen working days of demand, subject to permitted extensions.
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