When a Chartered Accountant is performing a statutary audit, he is acting as an agency of the revenue department. Many times, we have seen that the dealers'/assessee's assessment has been made on the basis of the auditors' report.

It is very well settled doctrine of the law that in any given case, one person can not be the solicitar for both the parties.

Now, when a CA is performing the statutary audit (which is presumed as acting on govt's behalf); then how can he defend the assessee for his own cause and act?

There should be made provision so as to restrict the person who has conducted the audit, to represent the dealer/assessee in the assessment or other proceedings before the revenue department (it may be Income Tax Department or concerned VAT department).

That C.A should not be allowed to represent those dealers/assessees in the assessment proceedings of whose accounts he has done statutary audit under Income Tax Act or VAT Act. A different C.A or an advocate should be allowed to represent the assessee/dealer in such cases.

please provide your unbiased views for healthy discussion

dear all,
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I have authorised capital of Rs 1 lac.
The same needs to be increased to Rs 4 lacs.
Now before form no 5 gets approved, is it possible to file the return of allotment in form no 2 for allotment of Rs 3 lacs share?

I have authorised capital of Rs 1 lac.
The same needs to be increased to Rs 4 lacs.
Now before form no 5 gets approved, is it possible to file the return of allotment in form no 2 for allotment of Rs 3 lacs share?

Dear Friends
my query is relating to section 269
can i appoint MD in 2010 & his designation make effective since 2006 in a public company?
Plz Answer

Please guide in the following matter

Fact: One person dies without his will and in his family his widow and two sons now widow want to wave his right in favor of one of his son.
Now query is if widow prepare documents showing that she is wave her right in favor of one of his son and after words she died then whether the waiver agreement is suffice to prove that the right is waved in favor of that one of the son or is it necessary to get amended in property card (i.e. get canceled name of widow and his right in property is shown in the name of her son)

please guide

If further details required let me know

Thanks