assessee is engaged in manufacturing concern but he is unable to provide information relating to yield of finished product, so what comment should be given for the same in 3cd
1 Replies
Deepak Gupta
(CA Student)
(15922 Points)
Replied 31 May 2013
| Originally posted by : saurabh toshniwal | ||
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assessee is engaged in manufacturing concern but he is unable to provide information relating to yield of finished product, so what comment should be given for the same in 3cd |
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You may indicate in the report that the relevant records were either not maintained or were inadequate for the purpose of furnishing the requisite information.
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Refer Para 52 of ICAI's Guidance Note on Tax Audit.
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