Use of tax audit reports: assessing officers must test, requisition and document audit evidence before accepting certificates. Assessing officers must critically examine tax audit reports and related records in scrutiny assessments, requisitioning reports where absent, and perform documented test checks of transactions referenced in Form 3CD certificates rather than accepting such certificates at face value. Where violations or factual misrepresentations by assessees or reporting accountants are found, appropriate follow-up action and applicable penal or professional sanctions should be pursued and recorded to ensure audit certification fulfils its verification function.
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.
Use of tax audit reports: assessing officers must test, requisition and document audit evidence before accepting certificates.
Assessing officers must critically examine tax audit reports and related records in scrutiny assessments, requisitioning reports where absent, and perform documented test checks of transactions referenced in Form 3CD certificates rather than accepting such certificates at face value. Where violations or factual misrepresentations by assessees or reporting accountants are found, appropriate follow-up action and applicable penal or professional sanctions should be pursued and recorded to ensure audit certification fulfils its verification function.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
