Sri Snigdha (Articles Assisstant) (498 Points)
04 February 2019
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(166384 Points)
Replied 04 February 2019
ICAI guidance note (2014 edition) -
"...It may be pointed out that report under section 44AB should not normally be revised.
However, sometimes a member may be required to revise his tax audit report on grounds such as:
(i) revision of accounts of a company after its adoption in annual general meeting.
(ii) change of law e.g., retrospective amendment.
(iii) change in interpretation, e.g. CBDT Circular, judgements, etc.
13.12 In case where a member is called upon to report on the revised accounts, then he must mention in the revised report that the said report is a revised report and a reference should be made to the earlier report also. In the revised report, reasons for revising the report should also be mentioned."
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