Audit
This query is : Resolved
06 October 2013
whar will happen if the audit conduted by ca is a not a ca and he conducted the audit notice received and case fixed at income tax
is there any remedies to avoide penelty of 271
Nikhil Kaushik
(Expert)
06 October 2013
Nice!!
Such an audit report cannot be considered to have been rendered under 44AB.
Penalties under 271B shall become applicable.
Whether the firm can claim innocence and play victim to a fraud be the fake auditor is a matter of evidence available.
Application of 272A(1)(a) shall depend on how you answer to the queries raised by tax department in this matter.
Such an audit report cannot be considered to have been rendered under 44AB.
Penalties under 271B shall become applicable.
Whether the firm can claim innocence and play victim to a fraud be the fake auditor is a matter of evidence available.
Application of 272A(1)(a) shall depend on how you answer to the queries raised by tax department in this matter.
06 October 2013
Agree with Nikhil
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