observed by the A.O that the Comptroller & Auditor
General (for short „CAG‟) had observed that de hors any corresponding
bond ... assessee company getting scrutinized by Statutory Auditors,
Internal Auditors and also by the Controller of Auditor General of
India. It is pertinent to note that
appellant was done by the Statutory
Auditors appointed by Comptroller and Auditor General of India (C.A.G) followed by a
supplementary Audit also done ... government entity is subjected to statutory audit by
Comptroller and Auditor General of India (CAG) along with supplementary
audit which has approved
State Bank Of India-Cag Branch, Mumbai vs Acit-Tds-2(2), Mumbai on 28 April, 2023
IN THE INCOME TAX APPELLATE TRIBUNAL
Addition based on selective comments made by the Comptroller
and Auditor General (CAG) on accounts of assessee /appellant.
3. Shri J.D.Mistry ... CAG. During the course of said
audit, the Office of CAG makes certain comments /objections. The assessee
gave a detailed reply
Addition based on selective comments made by the Comptroller
and Auditor General (CAG) on accounts of assessee /appellant.
3. Shri J.D.Mistry ... CAG. During the course of said
audit, the Office of CAG makes certain comments /objections. The assessee
gave a detailed reply
assessment order of AYs.2010-11 to 2013-14 and
CAG has also not raised any objection regarding the first year
of claim ... ITAT. Even after the audit
objection was raised by the CAG audit for AY.2014-15, the AO
replied to the audit query
assessment order of AYs.2010-11 to 2013-14 and
CAG has also not raised any objection regarding the first year
of claim ... ITAT. Even after the audit
objection was raised by the CAG audit for AY.2014-15, the AO
replied to the audit query
Later the Comptroller and Auditor General of India(CAG) has raised
objection that deduction U/s 80IA in respect of Power Plant unit ... without considering provisions of section 80IA(12A) of
the Act, copy of CAG letter is placed at Page
taken
refuge of section 14(1) of the Comptroller and
Auditor General's (Duties, Powers and conditions
of Service) Act, 1971 , which defines the
expression ... availed government grant
and is required to have its accounts audited by
CAG in the first year and in subsequent year or
years
benchmark as derived from section 14(1) of
the Comptroller & Auditor General (CAG) Act, 1971, as a
reasonable test to determine ... regular intervals by the t auditors
appointed by the State Government. Further, there is no role for
CAG to -conduct audit for determining
