Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2011 (7) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2011 (7) TMI 645 - HC - Income TaxSpecial audit under 142(2A) - Assessee, a goverment company made false statements in the return and thereafter did not make any effort to complete the audit for two years - Held That:- As no books were produced till the date of appointment of auditors. Reports of misfeasance, gross neglect or breach of duty are on the part of the principal officer or director & where the approving authority has considered the account books along with auditors reports and finds that there was a malafide intention to avoid the verification of the books and accounts and that there are various comments on the auditors justifying gross neglect, and misappropriation of funds, the satisfaction, in this case for Special Audit is justified.
|