Audit report requirement: certification of separate accounts and true-and-fair view for specified housing project tax benefit. Form No. 10CCAA requires the auditor to verify that separate accounts are maintained for the specified housing project, that all expenses have been charged to that business or, where common, apportioned reasonably, and that, based on obtained information and branch returns, the books visited give a true and fair view of the state of affairs and profit or loss of the said business for the accounting period.
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Provisions expressly mentioned in the judgment/order text.
Audit report requirement: certification of separate accounts and true-and-fair view for specified housing project tax benefit.
Form No. 10CCAA requires the auditor to verify that separate accounts are maintained for the specified housing project, that all expenses have been charged to that business or, where common, apportioned reasonably, and that, based on obtained information and branch returns, the books visited give a true and fair view of the state of affairs and profit or loss of the said business for the accounting period.
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