Committee, it was contended on behalf
of the petitioner that an internal auditor cannot be appointed as a tax
auditor and respondent ... auditor on 26.08.2004. He submitted that paragraph 290.173 of the
Code of Ethics provides that the statutory auditor of an entity cannot be
its internal
Project Documents.
xxxx xxxx xxxx xxxx xxxx
5. STATUTORY AUDITOR AND INTERNAL
AUDITOR
For the Financial Year commencing on the date of
incorporation ... appoint a reputed accounting
firm acceptable to the Investor as the internal auditor of
the Company.
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8. RELATED PARTY TRANSACTIONS
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Hyatt International-Southwest Asia ... vs Assistant Commissioner Of Income Tax on 22 December, 2023
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