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of <h1>ICDS Provisions Override Conflicting CBDT Circulars in Income Computation and Disclosure Cases.</h1> In cases where the Income Computation and Disclosure Standards (ICDS) provisions conflict with a circular or press release issued by the Central Board of Direct Taxes (CBDT), the ICDS provisions take precedence. CBDT circulars serve to clarify the board's interpretation of the law and are binding on tax officers but not on taxpayers. If a circular or press release was issued before the ICDS provisions came into effect and conflicts with them, the ICDS provisions will override the earlier circular or press release. This ensures that the most recent standards are applied in income computation and disclosure.
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