Special audit power to order records examination by a nominated accountant, subject to Commissioner approval and hearing rights. Special audit permits a senior officer, with Commissioner approval, to direct a registered person to have records audited by a Commissioner nominated Chartered Accountant or Cost Accountant when declared value or input tax credit is questioned; the nominee must file a signed certified report within the prescribed period (subject to extension), the taxpayer has a right to be heard before audit material is used in proceedings, the Commissioner fixes and pays audit costs, and adverse findings may trigger recovery action under the law.
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.
Special audit power to order records examination by a nominated accountant, subject to Commissioner approval and hearing rights.
Special audit permits a senior officer, with Commissioner approval, to direct a registered person to have records audited by a Commissioner nominated Chartered Accountant or Cost Accountant when declared value or input tax credit is questioned; the nominee must file a signed certified report within the prescribed period (subject to extension), the taxpayer has a right to be heard before audit material is used in proceedings, the Commissioner fixes and pays audit costs, and adverse findings may trigger recovery action under the law.
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