Urgent query regarding sales in case of flat sales anybody

CA sorabh gupta (JOB) (121 Points)

02 August 2011  

 

 

 hello friends

           i m doing audit  of real estate builders,when i am examining sales of flats then i ovserved a number of  differences in sale price of flats which are lower than other registery amount of flats  ( diff.amount say 10laks )due to some genuine reasons such as date of booking of flat but in many cases mgmt is execusuing  that the buyer is from refrence of relatives/purchasing more flats/booking is not well/from brokers refrence etc.

   I want to ask the reasons which are said by mgmt. is reasonable and policy of  company is not prejudice to the stakeholders.

if anyone have any other treatment/suggestion please tell me with the source of their legal view/ guidance note