Auditors’ Qualifications: Whether a death Knell for assessee?

CA Vinamar Gupta What is apparent is not always real. To reach out to the real story, one has to undertake the scavenging exercise. This daunting task undertaken by ITAT Amritsar in a recent case pronounced on 05-02-2016  to resolve the mayhem when survey documents along with auditors qualifications had apparently almost maimed the assessee. First round of proceedings The assessee M/s. J&K Dairy Producers was during survey proceedings found to maintain a manual register containing record of commission paid Rs. 1833681/- along with purchases to persons who collected milk on the behalf of ...