TAX DEPT MUST ACCEPT COS' AUDITED ACCOUNTS: SC

Last updated: 25 September 2008 Follow on Google News

The Supreme Court has said the Income-TaxDepartment has to accept the authenticity of the accounts maintained in accordance with the provisions of the Companies Act and certified by the auditors. The assessing officer cannot go beyond the net profit shown in the profit and loss account, except to ex

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CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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