31st July
2009.
During the course of VAT audit, it was pointed out by the
audit that VAT has been omitted to be paid ... been taken on all
purchase invoices in connection with software licenses. As
per audit, the total VAT payable on license invoices works
31st July
2009.
During the course of VAT audit, it was pointed out by the
audit that VAT has been omitted to be paid ... been taken on all
purchase invoices in connection with software licenses. As
per audit, the total VAT payable on license invoices works
Though it was disclosed as Software
Licence, in the Annual Accounts of the Company, it
was termed as "Software" eligible for depreciation ... licence to use "Software" and not "Software" as
such, as evident from its printed annual accounts
audited and approved
year 04/2007 to
03/2008, the AG Audit has raised an audit objection vide Audit Enquiry ... audit inspection, on verification of HT Accounts
for the year 04/2007 to 03/2008, the AG Audit raised an audit objection
vide Audit Enquiry
Raghavan, to carry out Forensic Audit into the affairs of the
Company and also appointed a Special Audit Team. The first respondent
also appointed ... Irani and his
Team developed a software to create fictitious data / entries in the
Companies account. The Forensic Audit conducted by Dr.R.K.Raghavan
Proprietor of M/s.Sivasakthi Software Technologies, Coimbatore and
Director of M/s.Sivasakthi Software Services P.Ltd., Coimbatore and was
earning ... Dhananjayan, Ex.P11 – Balance Sheet
of Sivasakthi Software Technologies, Coimbatore, Ex.P12 – Audit Report for
the year 2011-12 of Sivasakthi Software Technologies
external audit agency having valid credentials to conduct an
investigation/audit and seek periodic status reports of the audit into the
software contract awarded
House Coopers (herein after referred to as "PWC"
- an international audit firm originally appointed by BCCI to assist in the
tender process ... auditor of ESPN Software
Private Limited, and also ESPN (ESS) and Walt Disney from which PWC was
receiving huge audit fee of over
Price Water House Coopers (P.W.C.), an international audit firm, in the tender
process, would clearly establish and expose the manner in which ... Auditor of ESPN Software Pvt. Ltd. and also ESPN
and Walt Disney, from whom P.W.C. was receiving a huge audit fee of over
capitalizing intangible
assets such as computer software licenses, wherein it had clearly explained
its stand that software licenses, having an enduring benefit, had been
capitalized ... computer software
and reiterated its earlier explanations in annexure 6 to the submission dated
27 July 2015 for claim of depreciation on computer software
