TaxTMI Login
Just a moment...
By creating an account you can:
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All TMI Notes
of of All TMI Notes
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>ICDS Terms Undefined: Accounting Standards Apply; Court Interpretations Prevail Unless ICDS Provisions Conflict and Are Invalidated.</h1> When a term is not defined under the Income Computation and Disclosure Standards (ICDS) or the Act, and has varying interpretations by courts in tax cases and ICAI Accounting Standards, the interpretation from Accounting Standards (AS) typically applies if the term is used in ICDS. Otherwise, court interpretations in tax law prevail. However, if ICDS provisions conflict with previous court decisions, ICDS provisions take precedence unless deemed invalid by a competent court or authority.
TaxTMI 
TaxTMI 