Report No. 55 of 2015" of the Comptroller and Auditor
General of India which had been tabled before both the Houses
of Parliament ... said report, it was submitted before us that
in the said report CAG had itself held that M/s Telewings
Communications Services Private
accounts of the company are audited by statutory auditor
appointed by office of CAG and the supplementary audit is conducted by
the office ... CAG. The auditors are required to look into the matter of
accounting estimates followed by company and its proper disclosure in
financial statements
statutory auditors and thereby changed the accounting policy and
recognized the revenue in respect thereof on receipt basis. I find
that the CAG ... pursuance of
observation of Audit Party of Comptroller& Auditor General ("CAG"
for short), even then, statutory provisions under
statutory auditors and thereby changed the accounting policy and
recognized the revenue in respect thereof on receipt basis. I find
that the CAG ... pursuance of
observation of Audit Party of Comptroller& Auditor General ("CAG"
for short), even then, statutory provisions under
JUDICIAL MEMBER
ITA No. 4431/Del/2024
(Assessment Year: 2021-22)
CAG Shipping Pvt. Ltd, Vs. ACIT,
UG-6, 48, Hasanpur, IP Circle ... admit the appeal for adjudication.
Page | 1
ITA No. 4431/Del/2024
CAG Shipping Pvt. Ltd
3. The Ground No. 2 raised
Bergen Engines India Pvt. Ltd., New ... vs Acit, Circle- 4(2), New Delhi on 27
audited
accounts which were subjected to audit by Comptroller and Auditor
General (CAG) of India and in its audit report as per Form ... CAG of India submitted that the assessee company had created a fund
for expenditure on CSR to the tune
comply with
objection/observation of the Audit Party of Comptroller & Auditor General. The Ld. CIT
(DR) relied on the orders ... pursuance of observation of Audit Party of Comptroller
& Auditor General ("CAG" for short), even then, statutory provisions under
examined the scope and provision of Section
35(2AB) wherein the CAG has suggested that Form 3CL should precede the filing
of return ... income. This observation of CAG is recommendatory in nature and it
is not the procedure stated in income Tax Act. However, the recommendation
also based on the report of the Comptroller & Auditor General ('CAG'),
wherein it raised objections for not claiming depreciation despite ... Guarantee
shall be got encashed.
4. In accordance with Clause 48.1 of General Conditions of contract
(FIDIC) for substantial completion of permanent works, this
Taking
