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of <h1>Tax Audit Reports Under Scrutiny: Officers Must Evaluate Evidence, Address Accountant Misconduct per Section 288.</h1> The circular emphasizes the need for thorough examination of tax audit reports and certifications during income tax assessment proceedings. It highlights the failure to properly analyze such reports, which undermines the purpose of audits in ensuring accurate deductions. Assessing officers are instructed to critically evaluate these reports and related evidence, especially for e-filed and annexure-less returns. From August 10, 2006, accountants must indicate in Form 3CD whether assessees have obtained certificates for certain financial transactions. Officers should perform test checks on these transactions and record results, taking action if violations occur. Misrepresentations by accountants should be addressed under section 288 of the Income-tax Act.
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