Controversy regarding noc for income tax audit

This query is : Resolved

darshit (Querist)
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29 August 2012 Sir,
If we want to take up new assignment for tax audit then it is mandatory to send NOC to previous auditor. Now, my query is under which section/rules/regulations, A chartered accountant is required to take NOC from previous auditor? i.e., where it is written that NOC should be taken? And when we take NOC, by which mode we can take NOC(whether register post/speed post/in presence of previous auditor,etc)? And if previous auditor does not send reply of NOC, for what period of time we should wait? What type of objection can previous auditor take after we send NOC to him/her???

Amol S Joglekar

Amol S Joglekar (Expert)
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29 August 2012 My dear, please take this in a very positive WAY. Communication with the previous AUDITOR is basically with the intention that the new auditor will have a CHANCE to understand the "OTHER SIDE OF TABLE' view. The client will always plead his/her innocence. It is out of this ETHICAL value that the communication with the previsous auditor must be seen. (Any communication which may be proved beyond doubts in case the need arises, is a good communication. Even you need not wait for NOC as such beyond a REASONABLE time. The very word REASONABLE is subjective)

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