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Others 980 views 1 replies

  Case fixed Secrutiny U/S 143(3) while examning we discover one lender given Rs.70,000/- was wrongly credited in other lander Account same time books have been audited and audit report also did same mistake,while lone have been  taken  in  account  Payee cheque.

A.o.Have issued to  the lander  Summens  U/S  131  for Examination to lender except missing lender  what  is  i  reply  whehter  i  should  disclose true position at the time of reply ,

Draft of reply required to us.

What quancicance faced by the Auditer

Replies (1)
In income tax the AO is go by actual facts of the case ........accouting entries are passed to reflect actual facts .......if there is error in accouting entry ......you can always clarify the mistake in accouting entry to AO and support your case on the basis of actual facts ......MISTAKES IF ANY CAN ALWAYS BE CLARIFIED AND EXPLAINED .......


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