RAJASTHAN RAJYA VIDYUT PRASARAN NIGAM Vs. ITAT

JUDGEMENT

(1.) SINCE both these appeals involve a common question of law, the same are being disposed of by this common judgment.

(2.) THESE appeals are directed against the judgment and order of the Income-tax Appellate Tribunal, Jaipur Bench, Jaipur (for short "the Tribunal"), dated October 20, 1999. The appeal was admitted in terms of the following question:

(3.) MR.P.K. Kasliwal, learned counsel for the appellant, submits that in the case of the assessee, the Accountant-General is the concerned person and only the competent authority to audit the accounts. It cannot get its accounts audited by any other accountant and unless it receives the audit report for the preceding years, it cannot make available the accounts to the Accountant-General for audit for the subsequent year.