Sir my query is
One of my client at the time of finalization of Tax Audit of AY. 2009-10 has shown a amount of rs. 230000/- receivable from Sales tax department as excess payment to department but when VAT audit of same was conducted this figure was brought down to rs. 10300/- due to in admissibility of certain tax paid but not eligible category .
Tax Audit is signed on 23.09.09 & VAt audit was signed on 20.01.2010, i.e. during FY 2010-11.
My question is what effect is to be given in FY 2010-11 as we cannot go back to AY 2009-10.
Whether writing down Rs. 219700/- in P&L of AY 2010-11 is justified, if yes please provide us with any such case law.
Please reply me on mahavir @ camahavir.com