Determination of turnover: clarifies definitions of turnover, commission, and chartered accountant, with fallback interpretive rule. Definitions set the foundational terminology: Turnover follows the statutory definition in the Act and its explanation under section 27(b); Chartered Accountant follows the Act's explanation to section 35; the Commission and Act are identified for these regulations. Any term not defined here adopts the meaning assigned in the Act, its rules or regulations, or the Companies Act, providing a hierarchical interpretive rule for applying these regulations to determine turnover or income.
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Provisions expressly mentioned in the judgment/order text.
Determination of turnover: clarifies definitions of turnover, commission, and chartered accountant, with fallback interpretive rule.
Definitions set the foundational terminology: Turnover follows the statutory definition in the Act and its explanation under section 27(b); Chartered Accountant follows the Act's explanation to section 35; the Commission and Act are identified for these regulations. Any term not defined here adopts the meaning assigned in the Act, its rules or regulations, or the Companies Act, providing a hierarchical interpretive rule for applying these regulations to determine turnover or income.
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