auditors in his report. In the Note 1 and Note 2
above also, the auditors had shown entire responsibility on the
assessee. When an Auditor ... escaping remark on the point of
verification of cash payment above Rs.20,000. In view of the
above remarks of the auditors, the circumstances
Auditors,
the financial statements exhibit a true and fair view. It is
submitted that the Auditors except giving a remark in clause ... ADDITION ON THE BASIS OF
AUDITORS' REPORT WAS NOT JUSTIFIED - THE CIT(A)
ALSO MADE THE AUDITORS' REMARK AS ONLY BASIS
FOR JUSTIFYING
account for (i) inaccuracies in Audited Balance Sheet, (ii) Auditors
qualifying remarks that the Insured had not maintained reasonable
records of stocks, (iii) non establishment ... there
were inaccuracies in the audited balance-sheet; (ii) and the Auditors
qualifying remarks that the insured had not maintained reasonable records of
the stock
Likewise, the Tribunal has not given much credence to the
remarks by the auditors in the profit and loss account on the
premise that these ... While
showing it in the profit and loss account, the remarks of the
auditors become relevant and could not be brushed aside
gave the information to the auditors that the borrowings were on hundi and thus the auditor has made his remark referred to by the Commissioner ... ones comprehension as to how he could have overlooked the auditor's remarks about the hundi loans. Rather he was convinced that the loans
Participatory Irrigation Management (PIM)."
14. Auditors' qualified the report and in reply to the Auditors' remark on accounts, (tem 4) the Board
this remark was pointed out to the assessees authorised representative in course of appeal hearing, it was explained before me that this remark relates ... search took place on 6-1-1992 and the auditors remarks was dated 15-9-1992. So the stock of silver and cash, as mentioned
seized records/ method of recording
entries in Jadavji. The common remarks of the special auditors are as
under:-
i. In para 3.3 at Page ... inherent limitation of records and method of accounting.
The relevant remarks of the Special Auditors have been reproduced while
disposing the ground
accounts of the Society were subjected to audit by the Government auditor and the latter found on March 22, 1935, that there ought ... clerk were called upon to produce the same. The auditor remarked at the same time that as a rule in that Society the cash balance
Gujarat Urja Vikas Nigam Limited vs Gujarat Electricity Regulatory ... on 7 April, 2022
IN THE
