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Bench: Shri Pawan Singh, Hon'Ble & Dr. A. L. Saini, Hon'Ble Accountnat Member (Physical Court Hearing) Sl.
bogus purchases. 16. The Ld. DR for the Revenue submitted before us the interpretation of Circular No.452 of CBDT which is reproduced below: “405-406. Compulsory Audit - Whether the provision is applicable TO commission agents, arahtias, etc. 1. Section 44AB, as inserted by the Finance Act, l984, casts an obligation on every person carrying on business to get his accounts