CIT v Punjab Stainless Steel Industries 364 ITR 144 (SC)
The court observed "there is no reason not to accept the meaning of the
term "turnover" given by a body of accountants, having statutory
recognition"
Before it the court also observed "When a recognised body of accountants,
such as ICAI, after due deliberation and consideration publishes certain
material for its members, one can rely upon it"
The court observed "there is no reason not to accept the meaning of the
term "turnover" given by a body of accountants, having statutory
recognition"
Before it the court also observed "When a recognised body of accountants,
such as ICAI, after due deliberation and consideration publishes certain
material for its members, one can rely upon it"
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