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2018 (6) TMI 450 - HC - Income TaxAdoption of special auditor's report only in part - estimation made on the assessment - validity of audit report based on sampling made by the Auditor - Auditing and Assurance Standard (AAS)-15-Audit Sampling - Held that:- AO accepted the sampling done by the special auditor and computed the percentage of cash collection and profit derived, discernible from 8 out of 84 chitty transactions, as arrived at by the special auditor - we find that there is no valid ground available to challenge the sampling or the computation of income made based on the special auditor's report, which the company would have earned from 84 chitties - thus we are of the opinion that there is nothing wrong in the estimation based on the computation made and the assessment carried out by the AO - hence appeal of assessee is rejected.
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