https://www.taxtmi.com/caselaws?id=447855 A statutory certificate supporting a tax deduction must be issued only after obtaining sufficient appropriate evidence and exercising due diligence and professional skepticism. The authority found that the chartered accountant failed to verify the foundational eligibility conditions for Form 10DA under section 80JJAA, including reorganisation restrictions, employee-count increase, exclusion of certain government-funded EPF employees, prescribed banking-mode payment, and the salary ceiling. Reliance on management representations and incomplete sample checks was held insufficient. Professional misconduct was therefore proved, and a monetary penalty was imposed. en-us Wed, 03 Jan 2024 00:00:00 +0530 Sat, 06 Jan 2024 07:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447855 A statutory certificate supporting a tax deduction must be issued only after obtaining sufficient appropriate evidence and exercising due diligence and professional skepticism. The authority found that the chartered accountant failed to verify the foundational eligibility conditions for Form 10DA under section 80JJAA, including reorganisation restrictions, employee-count increase, exclusion of certain government-funded EPF employees, prescribed banking-mode payment, and the salary ceiling. Reliance on management representations and incomplete sample checks was held insufficient. Professional misconduct was therefore proved, and a monetary penalty was imposed. Case-Laws Companies Law Wed, 03 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447855