Question ID : 600
significance of tax audit report in particular circumstances
A chartered accountant viotion of the code of conduct signs 50 tax audit reports.
He has issued tax audit certificates for the first 30 cases.
The Assessg officer wants a certificate for one of the reports which is excess of the limit.
The Member refuses to give the certificate to the client. Whether the Assessg officer can levy penalty treatg the case as if no tax audit has been conducted ? What is the significance of such tax audit report signed by a member excess of the specified limit (of 30) under the come tax Act 1961..?
such a case it should be presumed that the stitute has removed the name of the member afterwards on a compt beg filed by the client. '
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