https://www.taxtmi.com/article/detailed?id=5977 The substituted Rule 5A(2) and Circular require that every assessee make specified records available on demand to authorised officers, audit parties deputed by the Commissioner, the Comptroller and Auditor General, or nominated chartered/cost accountants within a specified time. The author argues this remains a general on demand audit power like the earlier provision quashed in Travelite (India), and that because Section 72A authorises only a circumscribed special audit with safeguards, rules under Section 94 cannot validly broaden audit scope; therefore the amended rule and circular may still be ultra vires absent specific reasons and procedural safeguards including opportunity to be heard. en-us Mon, 29 Dec 2014 06:50:49 +0530 Tue, 30 Dec 2014 08:42:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5977 The substituted Rule 5A(2) and Circular require that every assessee make specified records available on demand to authorised officers, audit parties deputed by the Commissioner, the Comptroller and Auditor General, or nominated chartered/cost accountants within a specified time. The author argues this remains a general on demand audit power like the earlier provision quashed in Travelite (India), and that because Section 72A authorises only a circumscribed special audit with safeguards, rules under Section 94 cannot validly broaden audit scope; therefore the amended rule and circular may still be ultra vires absent specific reasons and procedural safeguards including opportunity to be heard. Articles Service Tax Mon, 29 Dec 2014 06:50:49 +0530 https://www.taxtmi.com/article/detailed?id=5977