https://www.taxtmi.com/article/detailed?id=5541 Rule 5A(2) requires registered assessees to furnish specified records, trial balance and any income tax audit report within fifteen working days to an officer authorised by the Commissioner or an audit party; authorised officers may collect material at the premises for scrutiny and verification, and the Commissioner may refer matters for audit to a qualified chartered accountant or the Comptroller and Auditor General. The High Court held Rule 5A(2) consistent with Section 72A of the Finance Act, not arbitrary or ultra vires, and required that a copy of the audit report be made available to the assessee with reasonable opportunity. en-us Thu, 27 Mar 2014 09:55:21 +0530 Thu, 27 Mar 2014 09:55:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5541 Rule 5A(2) requires registered assessees to furnish specified records, trial balance and any income tax audit report within fifteen working days to an officer authorised by the Commissioner or an audit party; authorised officers may collect material at the premises for scrutiny and verification, and the Commissioner may refer matters for audit to a qualified chartered accountant or the Comptroller and Auditor General. The High Court held Rule 5A(2) consistent with Section 72A of the Finance Act, not arbitrary or ultra vires, and required that a copy of the audit report be made available to the assessee with reasonable opportunity. Articles Service Tax Thu, 27 Mar 2014 09:55:21 +0530 https://www.taxtmi.com/article/detailed?id=5541