Audit objections with respect to 'Assessment of small scale industrial undertakings'.

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....mber of objections have been raised which clearly indicate that the provisions under Chapter VI-A of the Income-tax Act are either not being applied at all, or are being applied incorrectly by Assessing Officers without verifying whether the conditions laid down under the respective provisions of law are fulfilled or not. Some such objections are summarised below:- (i) The Assessing Officers do....

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....n of audit certificates from the accountant in Forms 10CC and 10CCB, certifying the correctness of accounts, are not insisted upon, as is required under sections 80HHA and 80HHC, respectively. (vii) While working out permissible deductions, the Assessing Officers adopt the gross income shown by the assessees, which includes sales tax, central excise duty, etc., that has been collected and also ....