117th Report to the 4th Lok sabha the PAC.

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Full Text of the Document

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....ing to depreciation and development rebate while checking assessments. Till recently the scope of internal audit was limited to scrutiny of arithmetical calculations. Although Internal Audit parties are now required to check whether the total depreciation allowed exceeds the original cost, there are still no specific instructions authorising them to check the admissibility of depreciation on intan....