Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Audit report format required under income tax rules must be furnished in the prescribed form for business or profession. The audit report required to be furnished under the specified sub section must be in the prescribed statutory format: the report of audit of the accounts shall be in Form No. 3AD as prescribed by Rule 5AD of the Income tax Rules, 1962, creating a mandatory form requirement for assessees with profits and gains from business or profession.
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Provisions expressly mentioned in the judgment/order text.
Audit report format required under income tax rules must be furnished in the prescribed form for business or profession.
The audit report required to be furnished under the specified sub section must be in the prescribed statutory format: the report of audit of the accounts shall be in Form No. 3AD as prescribed by Rule 5AD of the Income tax Rules, 1962, creating a mandatory form requirement for assessees with profits and gains from business or profession.
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