Cost accounting records wording revised: 'proper' and 'adequate' qualifiers removed, simplifying books and schedule particulars. Amendments simplify statutory terminology by replacing 'keep proper books of account' with 'keep books of account' and changing 'the particulars specified in the Schedule' to 'the particulars of records specified in the Schedule'. The Schedule replaces all occurrences of 'proper records', 'proper and adequate records' and 'adequate records' with the single term 'records', standardising the description of recordkeeping obligations and taking effect on publication in the Official Gazette.
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Provisions expressly mentioned in the judgment/order text.
Cost accounting records wording revised: 'proper' and 'adequate' qualifiers removed, simplifying books and schedule particulars.
Amendments simplify statutory terminology by replacing "keep proper books of account" with "keep books of account" and changing "the particulars specified in the Schedule" to "the particulars of records specified in the Schedule". The Schedule replaces all occurrences of "proper records", "proper and adequate records" and "adequate records" with the single term "records", standardising the description of recordkeeping obligations and taking effect on publication in the Official Gazette.
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