Andhra Pradesh HC approves Accounts and Audit Fee Due to Clean Audit Report, Denies Miscellaneous Expenses [Read Order]

The court approves audit fees based on a clean report, but denies miscellaneous expenses in the liquidation case
By Sneha Sukumaran Mullakkal - On July 26, 2024 2:44 pm - 2 mins read
Andhra Pradesh High Court - Accounts and Audit Fee - Audit Report - Audit - Miscellaneous Expenses - taxscan

In the recent case,the Andhra Pradesh High Court approved the payment of audit fees for a company in liquidation,citing a clean audit report by M/s. Padmanabha Rao and Company and denied the request for miscellaneous  expenses due to lack of detailed evidence. Samvidha Chit Funds Pvt Limited,the assessee, is a company in liquidation. The company,…

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