Tax audit objections must be communicated as participative observations; findings revised if satisfactory response, non cooperation recorded. The audit aims to secure maximum recovery of short levy through transparent, fact finding verification. Audit objections must be notified in writing as participative observations, not as show cause notices, and the registered person given an opportunity to respond. Satisfactory explanations or evidence must lead to revision of findings after approval by Circle DC/AC; absent a response, draft audit paras are to be prepared from available records citing lack of cooperation.
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Tax audit objections must be communicated as participative observations; findings revised if satisfactory response, non cooperation recorded.
The audit aims to secure maximum recovery of short levy through transparent, fact finding verification. Audit objections must be notified in writing as participative observations, not as show cause notices, and the registered person given an opportunity to respond. Satisfactory explanations or evidence must lead to revision of findings after approval by Circle DC/AC; absent a response, draft audit paras are to be prepared from available records citing lack of cooperation.
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