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M.P.Rajya Pathya Pustak Nigam, Bhopal vs Assessee on 23 March, 2012 cites

J. K. Corporation Ltd. vs Assistant Commissioner Of Income Tax. ... on 9 June, 1998

Therefore , it is a case, where, even prescribed audit in Form No.10B was no conducted/completed before filing of return. In these circumstances , in the appellant's case, not only the claim u/s 11 was not made in the returns but also that essential condition of statutory audit in Form No.10B was not conducted before filing of return. The audit of the accounts as per the provision laid down in the Act and obtaining the prescribed certificate is the requirement which furnishes substantial foundation for claiming an allowance and such requirement is of mandatory nature whereas furnishing of audit report with the return of income is of directory nature.
Income Tax Appellate Tribunal - Kolkata Cites 49 - Cited by 15 - Full Document
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