aforesaid services, TACO appointed its staff at
various levels and Chief Internal Auditor and Treasury Officer for its
group companies to review the internal processes
registers, Shri Parulekar submitted that these have been scrutinised by the auditors and were checked by the ITO as may be seen from the report ... nationalised bank where accounts are examined not merely by internal auditors but also by statutory auditors and the RBI inspection unit. Although these facts
utter confusion and communication gaps, which prevailed between
the internal auditor of Appellant, associate of Appellant and officials of
Appellant.
3. Appellant contends that, appellant
review by the PCIT as well as Range Heads and also through
internal audit to find out the errors in such orders with regard ... given
to him by the departmental authorities or by the internal
auditor or the audit officer of the CAG department or o the
basis
account from general reserve on the suggestion of internal auditors.
However, The Assessing Officer without taking into consideration the
revised return filed by assessee passed
1725/PUN/2016
statements are prepared under the supervision of the internal/external
auditors. Considering the settled legal proposition on this issue
action under section 132 . Since at no stage either internal or Government auditor had pointed out this fact, the directors who used to meet only
September, 1985 and had cooperated with the auditors for getting its accounts audited. Despite this, the auditors for the reasons best known to them, could ... delay on the part of the auditors. It was also submitted by him that internal audit was completed by the firm of the Chartered Accountants
action under Section 132 . Since at no stage either internal or Government auditor had pointed out this fact, the directors who used to meet only
report
prepared by the Auditor to be furnished under 92 A of the Act
relating to the international transaction. Now as per the
discussion made ... given circumstances, it is quite possible that
the Auditor did not treat it as an international transaction and
has not mentioned in Form No.3CEB
