Monday, September 7, 2020

When reversal of transactions in books is certified by Chartered Accountant onus is on Revenue to prove it otherwise: Madras High Court [Read Order]

The Madras High Court held that when reversal of transactions in books is certified by Chartered Accountant ( CA ) onus is on Revenue to prove it otherwise if they are not willing to accept certificate or evidence. The Petitioner, Tvl.Madura Coats (P) Ltd. had entered into certain sale transactions, some of them were reversed […]

from Taxscan | Simplifying Tax Laws https://ift.tt/3h9CdJs

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