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

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.... 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 not obtain/check any authentic record of the number of work....

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....ertifying 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 stand reflected in the statements of account. Consequently, the concerne....