Cost auditor report submission determines appointment conclusion and counts toward the statutory ceiling when reports remain outstanding. A cost auditor's appointment is deemed concluded upon submission of the cost audit report to the Central Government pursuant to the Cost Audit Report Rules; the specified number for statutory limits must be computed by counting companies where the auditor is appointed and reports are yet to be submitted, and companies with outstanding reports are to be included for the ceiling on cost audits.
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.
Cost auditor report submission determines appointment conclusion and counts toward the statutory ceiling when reports remain outstanding.
A cost auditor's appointment is deemed concluded upon submission of the cost audit report to the Central Government pursuant to the Cost Audit Report Rules; the specified number for statutory limits must be computed by counting companies where the auditor is appointed and reports are yet to be submitted, and companies with outstanding reports are to be included for the ceiling on cost audits.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
