An audit report filed for AY 2013-14 was rejected on 10/02/2022, eight years after it was initially filed by the CA on 13/10/2022. The stated reason for rejection is 'period expired'. This raises questions about the validity of the rejection, the time limits for such rejections, and whether a new audit is required. It's advised to check the assessment order to see if it considered the audit report and to determine the exact reason for rejection by the department or CA.
10 February 2022
OUR AUDIT REPORT FILED BY CA ON 13/10/2022 FOR AY 2013-14 NOW REJECTED ON 10/2/2022.WHAT WILL BE THE IMPACT? WILL THIS REJECTION BE VALID?
11 February 2022
Check the assessment order, it considered the tax audit report or not. If assessment order is okay then no need to worry about rejection. The time limit applicable for passing assessment order also applicable for tax audit rejection.
11 February 2022
When assessment order issued and when tax audit report rejected. Reason for rejection. Any penalty levied in view of rejection of tax audit report treating it as tax audit report not filed.