Vidhani Vaswani & co.

The matter relating to tax audit extension was moved before the Hon'ble Gauhati High Court today.

It was argued on behalf of the tax Bar Association by advocates D Saikia and Ms. M L Gope that the frequent changes in the utility and schema and various amendments made in Form 3CD after 01.04.2018 have made it practically difficult for the accountants to file the tax audit report within 31.10.2018. Further there are penalty and even prosecution in respect of a CA for filing false TAR( tax audit report). Further interest provisions have also not been waived for the extended period.
It was argued on behalf of the CBDT that the TAR can still be filed by payment of penalty of Rs. 5,000 and there is no absolute bar.

The counsel on behalf of the tax bar association have also asked the court to waive off all penalties, interest and prosecution for late filing of TAR beyond 31.10.2018, as well as considering extension.
The Hon'ble Court after hearing both sides have been pleased to issue notice in the case and asked the respondents including CBDT to file its reply in the matter.
The matter shall now be taken up for hearing after the filing of reply by the respondents.