1998 (12) TMI 6

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....me. The appeal is, therefore, dismissed with no order as to costs. Restored. We have heard learned counsel for the appellant. The appellant challenged the validity of section 44AB of the Income-tax Act, 1961, in so far as it required every person carrying on business, if his total sales, turnover or gross receipts exceeded Rs. 40 lakhs, and every person carrying on a profession, if his gross....

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....d to be authorised representatives on behalf of the assessees and that excluding them for the purpose of auditing accounts as aforestated violates articles 14 and 19 of the Constitution, The High Court in the order under challenge, as other High Courts had done, rejected the challenge and, in our view, rightly so. Chartered accountants, by reason of their training have special aptitude in the m....