Statutory supremacy: provisions of the Income-tax Act and Rules prevail over ICDS when conflicts arise. Where the provisions of the Income-tax Act or the Income-tax Rules conflict with the Income Computation and Disclosure Standards (ICDS), the statutory ... Summary
Statutory supremacy: provisions of the Income-tax Act and Rules prevail over ICDS when conflicts arise.
Where the provisions of the Income-tax Act or the Income-tax Rules conflict with the Income Computation and Disclosure Standards (ICDS), the statutory provisions and Rules prevail and ICDS operates subject to them.
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