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High Court: Special Auditor's Report Justifies Exclusion of Sales Inflation from Income, Overruling Regular Audit Figures.

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Full Text of the Document

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....Exclusion of Sales inflation figure from the assessee’s income - Special Auditor’s Report relied upon - Merely because the assessee’s income was audited by the chartered accountants in regular process, there cannot be unqualified acceptance of the audited figures - HC....