Access to business premises requires registered persons to produce specified records to authorised officers for audit within prescribed period. Section 71 authorises officers, with proper officer approval not below Joint Commissioner, to access business premises of a registered person to inspect books, documents, computers, computer programs and software for audit, scrutiny, verification and checks. The person in charge must, on demand, furnish declared records, trial balance or equivalent, audited annual financial statements where required, cost audit and income-tax audit reports if any, and other relevant records for scrutiny by the officer, audit party or a chartered/cost accountant, within fifteen working days of demand or such further period as allowed.
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 requires registered persons to produce specified records to authorised officers for audit within prescribed period.
Section 71 authorises officers, with proper officer approval not below Joint Commissioner, to access business premises of a registered person to inspect books, documents, computers, computer programs and software for audit, scrutiny, verification and checks. The person in charge must, on demand, furnish declared records, trial balance or equivalent, audited annual financial statements where required, cost audit and income-tax audit reports if any, and other relevant records for scrutiny by the officer, audit party or a chartered/cost accountant, within fifteen working days of demand or such further period as allowed.
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