Search Results for Tag : Audit report
Judgments
Audit report can be filed even at the appellate stage(02.03.2023)
The assessee is a trust, which had filed its return of income for the relevant assessment year year. However, when the return of income was filed, the.....
Tags : Audit report, Assessment, Return
Notifications & Circulars
More than 30 lakh Audit Reports filed on Income Tax Department's e-filing portal till 30th September, 2023(02.10.2023)
More than 30.75 lakh audit reports, including about 29.5 lakh Tax Audit Reports have been filed for AY 2023-24 on the e-filing portal till the end of .....
Tags : Compliances, Audit Reports, E-filing
Circular on Standardization of the Private Placement Memorandum (PPM) Audit Report(18.04.2024)
1. In terms of Regulation 28 of SEBI (AIF) Regulations, 2012 and Clause 2.4 of SEBI Master Circular SEBI/HO/AFD/PoD1/P/CIR/2023/130 dated July 31, 202.....
Tags : Standardization, PPM, Audit Report
CBDT allows certain trusts/institutions to furnish the audit report on or before 31st March, 2024(05.03.2024)
Income of any fund or institution or trust or any university or other educational institution or any hospital or other medical institution referred to.....
Tags : Audit report, Furnishing of, date
News
Business Having Above 2 Crore Turnover Can File GST Audit Reports: GST Council(16.04.2019)
Taxpayers under Goods and Services Tax (GST) with annual turnover of over Rs 2 crore can now start filing GST audit reports for financial year 2017-18.....
Tags : GST, Audit Reports, Turnover
DIRECT TAXATION - Delay in Statutory Audit is Reasonable Cause for Delayed Filing of Tax Audit Report: ITAT(27.03.2019)
Income Tax Appellate Tribunal (ITAT) has held that the delay in completion of statutory audit can be a reasonable cause for delay in filing of the tax.....
Tags : Income Tax Appellate Tribunal, ITAT, statutory audit, tax audit report
Performance Audit Report No. 14 of 2022 "Sabka Vishwas (Legacy Dispute Resolution) Scheme (SVLDRS) 2019" of C&AG of India (Indirect Taxes-GST, Central Excise & Service Tax)(06.02.2023)
1. The Performance Audit Report No. 14 of 2022 "Sabka Vishwas (Legacy Dispute Resolution) Scheme (SVLDRS) 2019" of C&AG of India (Indirect Taxes-GST, .....
Tags : Performance, Audit Report, Sabka Vishwas Scheme
Order under section 119 of the Income-tax Act, 1961(09.10.2023)
1. Audit report in the case of a fund or trust or institution or any university or other educational institution or any hospital or other medical inst.....
Tags : Audit report, Furnishing, Form
Calcutta HC: Banks Must Provide Forensic Audit Report Before Calling an Account Fraudulent(11.02.2026)
Calcutta HC held that a bank cannot classify a borrower’s account as “fraud” without first providing the forensic audit report and documents relied up.....
Tags : Banks, Forensic Audit Report, Fraudulent
Gujarat HC Issues Notice on Plea Seeking Physical Filing of ITR, Audit Reports(13.01.2022)
Gujarat High Court has issued notice to the Central Government on a plea seeking waiver of interest under section 234A of Income Tax Act, 1961 and als.....
Tags : Gujarat High Court, Physical Filing of ITR, Audit Reports
ITAT Hyderabad: Return by Govt Agency Can't be Rejected For Not Furnishing Audit Report(09.06.2017)
Income Tax Appellate Tribunal (ITAT), Hyderabad has held that income tax return filed by a Government agency cannot be rejected by authorities merely .....
Tags : Income Tax Appellate Tribunal, Audit Report
ITAT, Mumbai: No Penalty If Non-Furnishing of Tax Audit Report was Due to Bona Fide Reasons(18.03.2020)
Income Tax Appellate Tribunal (ITAT), Mumbai has held that the penalty under Section 271B of the Income Tax Act, 1961 is not leviable if there are bon.....
Tags : Income Tax Appellate Tribunal, Non-furnishing of Tax Audit Report
Gujarat HC Directs CBDT to Extend ITR Filing Deadline to Nov 30 for Audit Assesses(14.10.2025)
Gujarat High Court directed the Central Board of Direct Taxes (CBDT) to extend the due date for filing income tax returns to November 30 for assesses .....
Tags : Central Board of Direct Taxes, Income Tax Returns, Audit Report
CAG of India signs 11 UN Audit reports(28.07.2016)
Comptroller & Auditor General of India, is currently in New York to attend the 70thRegular Session of the United Nations' Board of Auditors, held at t.....
Tags : UN audit reports, Board, Approval
Tamil Nadu Govt. Extends Time Limit for Furnishing VAT Audit Report in Electronic Form for FY 2020-21(03.01.2022)
Tamil Nadu Government has notified the extension of the time limit for Furnishing VAT Audit Report in electronic form for financial year 2020-21 till .....
Tags : Tamil Nadu Government, Time Limit for Furnishing VAT Audit Report
ITAT, Lucknow: Clerical Mistake in Audit Report Form 10B Can be Rectified(02.05.2022)
Income Tax Appellate Tribunal, Lucknow has observed that the clerical mistakes in audit report form 10B can be rectified and the same should not be a .....
Tags : Income Tax Appellate Tribunal, form 10B, Audit Report
Central Board of Direct Taxes Extends Due Date of Income Tax Audit Reports(12.01.2022)
Central Board of Direct Taxes (CBDT) has notified the extension of the timeline for filing Income Tax Returns and Various reports of audit for the AY .....
Tags : Central Board of Direct Taxes, Due Date of Income Tax Audit Reports
MCA Extends Last Date of Filing of Cost Audit Report to Board of Directors(28.09.2021)
Ministry of Corporate Affairs (MCA) has extended the last date of filing of the Cost Audit Report to the Board of Directors under Rule 6(5) of the Com.....
Tags : Ministry of Corporate Affairs, Last Date of Filing of Cost Audit Report
Income Tax Appellate Tribunal, Bangalore: Delay in Furnishing Audit Reports is Mere Technical Breach(09.01.2020)
Income Tax Appellate Tribunal, Bangalore has held that the delay in furnishing audit reports results only in the technical venial breach which does no.....
Tags : Income Tax Appellate Tribunal, Audit Reports
NCLAT: Audit Report Alone Not Enough to Prove Fraud in Commercial Deal Under Section 66(2) IBC(29.09.2025)
NCLAT, Principal Bench, New Delhi, held that a transactional audit report alone cannot serve as conclusive proof of fraudulent trading under Section 6.....
Tags : Audit Report, Commercial Deal, Fraud
Annual Report of Telecom Regulatory Authority of India for the year 2017-2018(21.02.2019)
The Annual Report of Telecom Regulatory Authority of India for the year 2017-18 detailing activities of the Authority, certified accounts and the audi.....
Tags : Annual Report, TRAI, Accounts, Audit report