Answers On Topic: Section 44AB
There is a mention of "further report prescribed under the Act" in the 3rd proviso to Section 44 AB. How does form 3CD relate to this "further report" especially when this form relates to "Statement of particulars"? Can it be construed that "further report prescribed under the Act" and "Statement of particulars". Another doubt is that according to Finance Act 1984 by which Section 44 AB was inserted in the Act states only about "further report prescribed under the Act" . There is no mention of Chartered Accountant. So, who should sign the form?
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We are not getting a correct citation of decision CCIT v Vijay Maheshwari HUF, a case on issue of 'TURNOVER' for S.44AB of I T Act. Everywhere it is mentioned as 228 ITR 157 SC (Statute). But it is not available. Can ITATONLINE help. Other references are 515/BOM/1991 & ITA /924/1995 decided on 27/03/1996. SLP is dismissed on 13/10/1997 by SC. SLP No. is Civil/20074/1997. We have tried on HC and SC websites also. If possible mail copy of decisions.
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3rd Proviso to Section 44 AB and Form 3CD