https://www.taxtmi.com/caselaws?id=366472 A tax auditor is required to disclose in Form 3CD any case where tax was deductible but not deducted on consultancy payments under section 194J, and failure to make that disclosure amounts to lack of due diligence and professional misconduct under the Chartered Accountants Act. The record showed consultancy expenses and the audit report was filed after the CBDT notification expanding reporting requirements, so the non-disclosure was not accepted. While the finding of guilt was upheld, the penalty was reduced from removal of name for one year to reprimand in light of the appellant's relative inexperience, cooperation, and the nature of the default. en-us Mon, 27 Aug 2018 00:00:00 +0530 Tue, 02 Apr 2019 10:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366472 A tax auditor is required to disclose in Form 3CD any case where tax was deductible but not deducted on consultancy payments under section 194J, and failure to make that disclosure amounts to lack of due diligence and professional misconduct under the Chartered Accountants Act. The record showed consultancy expenses and the audit report was filed after the CBDT notification expanding reporting requirements, so the non-disclosure was not accepted. While the finding of guilt was upheld, the penalty was reduced from removal of name for one year to reprimand in light of the appellant's relative inexperience, cooperation, and the nature of the default. Case-Laws Income Tax Mon, 27 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366472