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TMI BlogInquiry before assessmentX X X X Extracts X X X X X X X X Extracts X X X X ..... ble under this Act, in the prescribed form and verified in the prescribed manner and setting forth such other particulars as may be prescribed, or :] 7[Provided that where any notice has been served under this sub-section for the purposes of this clause after the end of the relevant assessment year commencing on or after the 1st day of April, 1990 to a person who has not made a return within the time allowed under sub-section (1) of section 139 or before the end of the relevant assessment year, any such notice issued to him shall be deemed to have been served in accordance with the provisions of this sub-section,] 32[Provided further that a notice under this sub-section for the purposes of this clause may also be served by the prescribe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e assessee to get either or both of the following, namely:-- (i) to get the accounts audited by an accountant, as defined in the Explanation below sub-section (2) of section 288, nominated by the Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner in this behalf and to furnish a report of such audit in the prescribed form duly signed and verified by such accountant and setting forth such particulars, as may be prescribed, and such other particulars as the Assessing Officer may require; (ii) to get the inventory valued by a cost accountant, nominated by the Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner in this behalf and to furnish a report of such in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Commissioner or Chief Commissioner] or 30[Principal Commissioner or Commissioner] (which determination shall be final) and paid by the assessee and in default of such payment, shall be recoverable from the assessee in the manner provided in Chapter XVII-D for the recovery of arrears of tax :] 25[Provided that where any direction for 35[audit or inventory valuation under] sub-section (2A) is issued by the Assessing Officer on or after the 1st day of June, 2007, the expenses of, and incidental to, 36[such audit or inventory valuation (including the remuneration of the accountant or the cost accountant, as the case may be)] shall be determined by the 31[Principal Chief Commissioner or Chief Commissioner] or 30[Principal Commissioner or Commis ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... owed under sub-section (1) of that section" by the Finance Act, 2005, w.e.f. 1-4-2006. 3. Substituted for "or to whom a notice has been issued under sub-section (2) of section 139 (whether a return has been made or not)" by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989. Earlier, the italicised words were substituted by the Taxation Laws (Amendment) Act, 1975, w.e.f. 1-4-1976. 4. Inserted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989. 5. Substituted for "before the end of the relevant assessment year" by the Finance Act, 1990, w.e.f. 1-4-1990. 6. Inserted by the Finance Act, 2006, w.e.f. 1-4-2006. 7. Inserted by the Finance Act, 2006, w.r.e.f. 1-4-1990. 8. Renumbered by the Direct T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2. Substituted for "Income-tax" by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988. 23. Substituted for "Income-tax" by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988. 24. Substituted for "Commissioner" by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988. 25. Inserted by the Finance Act, 2007, w.e.f.1-6-2007. 26. Inserted by the Taxation Laws (Amendment) Act, 1975, w.e.f. 1-4-1976. 27. Inserted by the Direct Tax Laws (Second Amendment) Act, 1989, w.e.f. 1-4-1989. 28. Substituted for "on an application", by the Finance Act, 2008, w.e.f. 1-4-2008. 29. Substituted vide Finance Act 2013 w.e.f. 1st day of June, 2013, before it was read "the nature and complexity of t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... quire : 20[Provided that the Assessing Officer shall not direct the assessee to get the accounts so audited unless the assessee has been given a reasonable opportunity of being heard.]" 34. Substituted vide THE FINANCE ACT, 2023 dated 31-03-2023 w.e.f. 01-04-2023 before it was read as, "audit under sub-section (2A) (including the remuneration of the accountant)" 35. Substituted vide THE FINANCE ACT, 2023 dated 31-03-2023 w.e.f. 01-04-2023 before it was read as, "audit under" 36. Substituted vide THE FINANCE ACT, 2023 dated 31-03-2023 w.e.f. 01-04-2023 before it was read as, "such audit (including the remuneration of the Accountant)" 37. Inserted vide THE FINANCE ACT, 2023 dated 31-03-2023 w.e.f. 01-0 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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