https://www.taxtmi.com/caselaws?id=253692 Article 149 confines the CAG's powers to matters prescribed by law, and the CAG framework was treated as not conferring a general right to audit a non-government company not financed by Government. On that reading, Rule 5A of the Service Tax Rules, 1994 could not enlarge the CAG's audit powers beyond the parent statute. The text also states that the extended limitation under Section 73(1) of the Finance Act, 1994 requires concrete particulars of fraud, suppression, wilful misstatement or intent to evade tax; mere non-payment or vague allegations are insufficient. It further notes that a notice based mechanically on an audit report, without independent reasons, is jurisdictionally unsustainable. en-us Wed, 30 Apr 2014 00:00:00 +0530 Thu, 10 Mar 2016 18:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253692 Article 149 confines the CAG's powers to matters prescribed by law, and the CAG framework was treated as not conferring a general right to audit a non-government company not financed by Government. On that reading, Rule 5A of the Service Tax Rules, 1994 could not enlarge the CAG's audit powers beyond the parent statute. The text also states that the extended limitation under Section 73(1) of the Finance Act, 1994 requires concrete particulars of fraud, suppression, wilful misstatement or intent to evade tax; mere non-payment or vague allegations are insufficient. It further notes that a notice based mechanically on an audit report, without independent reasons, is jurisdictionally unsustainable. Case-Laws Service Tax Wed, 30 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253692