Proposed special audit provisions Another exemplification of overturning the settled law

By:

CHAUDHARY, SANJIV K

Contributor(s):

GUPTA, AMIT

Material type:

Mixed materialsPublication details: 2013Description: 85-88Subject(s):

AUDITING

NLM classification:

657.45

In: CHARTERED ACCOUNTANTMSummary: The tax authorities have, on rare occasions, restored to provisions of special audit as contained in section 142(2A) of the income tax Act, 1961 However, with some proposed amendments through the Financ Bill 2013, the special audits, which are more or less of investigative nature, may no longer be rare and will have adverse ramifications for the assessee. It will not only leave them stultified and more prone to possible arbitrariness of AO but will also lead to protected increased litigation.

Tags from this library: No tags from this library for this title. Log in to add tags.

Average rating: 0.0 (0 votes)

Holdings
Item type	Current library	Call number	Vol info	Status	Date due	Barcode
Periodicals/Magazines	SSCBS Library		61/11	Available		P14846

The tax authorities have, on rare occasions, restored to provisions of special audit as contained in section 142(2A) of the income tax Act, 1961 However, with some proposed amendments through the Financ Bill 2013, the special audits, which are more or less of investigative nature, may no longer be rare and will have adverse ramifications for the assessee. It will not only leave them stultified and more prone to possible arbitrariness of AO but will also lead to protected increased litigation.

There are no comments on this title.

to post a comment.