Question ID : 1575

Revising Audited Balance Sheet on Account of Survey under I.T.Act

Assessee books of accounts were audited u,s 44 AB of I.T.Act and urn of come is also filed with the due date.

A Survey u,s 133 A is conducted on busess premises of the assessee and durg the course of survey assessee voluntarily surrenders the outstandg bance payable to creditors as per bance sheet.

Now, the I.T.Department has asked to revise the bance sheet by takg the said creditors bances to the capital account of the assessee.

Quion:

Can a audited books and bance sheet be revised
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