Paresh Vakharia 3 10 07 - Bombay Chartered Accountants Society

Certification of prescribed particulars in
Form No. 3CD
General Issues
Information to be complied and authenticated by the
assessee - Auditor’s duty to check the details, applying the
auditing standards and techniques.
In the case of conflicting Judicial precedents, Auditor
should state the Judgment relied upon.
In the case of conflicting views with the assessee, the
Auditor may state both the views and leave it to the Tax
Department to decide the matter.
The Auditor will be primarily guided by the Income Tax
Act while reporting the particulars in Form 3CD unless the
matter involves purely accounting aspects such as
Accounting Ratios.
CA PARESH VAKHARIA
3rd OCT' 2007
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