assessee is engaged in manufacturing concern but he is unable to provide information relating to yield of finished product, so what comment should be given for the same in 3cd
Saurabh Toshniwal (ca final) (2358 Points)
31 May 2013assessee is engaged in manufacturing concern but he is unable to provide information relating to yield of finished product, so what comment should be given for the same in 3cd
Deepak Gupta
(CA Student)
(15922 Points)
Replied 31 May 2013
| Originally posted by : saurabh toshniwal | ||
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assessee is engaged in manufacturing concern but he is unable to provide information relating to yield of finished product, so what comment should be given for the same in 3cd |
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You may indicate in the report that the relevant records were either not maintained or were inadequate for the purpose of furnishing the requisite information.
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Refer Para 52 of ICAI's Guidance Note on Tax Audit.
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