Closing stock valuations under tax audit

Can chartered accountant over value stock of 55L to 63L. Will chartered accountant be held liable in future?
Replies (2)
Quick Summary
This discussion addresses concerns about a Chartered Accountant potentially overvaluing stock for tax audit purposes, specifically from £5.5 million to £6.3 million. It explores whether a CA can be held liable for such actions if they are found to have falsely inflated the stock's worth. The consensus is that a CA can indeed be held guilty if they intentionally misrepresent stock valuations.

Over valuation may be due to many reasons.

Ofcourse, CA can be held guilty if he falsely overvalue stock. 

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