extend the specified date for filing the tax
audit report under section 44AB of the Income Tax Act, 1961 (For
short ... view of Explanation (ii)
of section 44AB which explains the "specified date" as under:
"(ii) "specified date", in relation
petitioner is not required to obtain the audit
report under Section 44AB of the Act as the
total turnover of the petitioner Company ... required to get
the audit report as per the provisions under
Section 44AB of the Act. The return of income
filed by the petitioner
declared invalid for non-filing a compulsory audit report
under Section 44AB of the IT Act.
4. The brief facts in which this challenge arises ... more than Rs.10 Crore, exceeding the threshold
limit under Section 44AB of the IT Act. However, no tax audit
report was filed as required
requirements for assessee engaged in business or profession in
India.
1.2 Section 44AB mandates a tax audit for certain categories of
assessees based on turnover ... gross receipts, or profits. The audit
report under Section 44AB is required to be furnished in
electronic form mandatorily by a person carrying
requirements for assessee engaged in business or profession in
India.
1.2 Section 44AB mandates a tax audit for certain categories of
assessees based on turnover ... gross receipts, or profits. The audit
report under Section 44AB is required to be furnished in
electronic form mandatorily by a person carrying
guidance note on Tax Audit under
Section 44AB of the Income Tax Act, 1961 (Revised 2023). It is further
informed that GST components are separately ... said tender.
30. Guidance Note on Tax Audit under Section 44AB of the Income Tax Act,
1961 (Revised 2023) Clauses 5.2 and 5.3 defines
assessees whose accounts are required to be audited in terms of Section 44AB
of the Act. Reference was made to order dated 29.09.2015 passed ... 31st day of October] of the assessment
year."
5. Section 44AB of the Act reads as under:-
"44AB. Every person,--
(a) carrying
treated as previous year ITR. It is also clarified that U/S 44AB of
IT Act 1961, in case of Partnership firm whose turnover ... submission deadline of 04.08.2022. According to Section
139(1) and Section 44AB of the Income Tax Act, 1961, the due date
for filing the Income
accounts have been audited by a
qualified auditor in terms of section 44AB of the
Act. An auditor is a professional person ... altogether
different connotation and implications from the
audit under section 44AB. Unlike the compulsory
audit under section 44AB, it is not limited to mere
production
that Exhibit
A13 is prepared by a Chartered Accountant as per Section 44AB of the
Income Tax Act,1961.
27. But, it is pertinent ... show that the audit was conducted
according to the provisions of Section 44AB of the Income Tax Act. It is
not forthcoming as to what
