Dear Sirs,
I require valuable advice on the following:
In the CARO report, we have to disclose disputed tax not deposited with statutory agencies and the forum where the dispute is lying.
In excise and service tax there is a system of issuing show cause notices by adjudicating authorities (Commissioner, deputy commissioner, assistant commissioner etc , depending on the size of tax involved), which are contested by the clients. This is only the first step in the dept to demand duties, but there are appellate forums where we can contest lower level orders .
whether show cause notices are to be disclosed under CARO . Any institute guideline on this
regards
CAclubindia
