which is tempered by section 145 r.w. Accounting Standard 9 of
ICAI.
2.1.2.The lower authorities have failed to appreciate that ... recovery and in
accordance with the Accounting Standard 9 issued by ICAI.
2.1.3.The Learned Commissioner (Appeals) has failed to appreciate that
Accounting
issued by The
Institute of Chartered Accountants of India (ICAI) and concluded that interest
cost is not allowable and it should be added with cost ... with respect to
borrowing costs according to Accounting Standard 16 issues by ICAI.
We have perused notes attached to financial statements
being a Company, is mandated to
follow AS 2 issued by the ICAI for valuation of inventories. AS
2 provides for valuing the inventory ... inventory which is in
accordance with the Accounting Standards prescribed by ICAI, in our
opinion, Revenue cannot step into the shoes of assessee and foist
Standard AS-7
issued by the Institute of Chartered Accountants of India (ICAI) towards
accounting for construction/contract, the relevant revenue recognition
parameters ... With reference to the above clause of AS-7 issued by ICAI, the
ld. counsel submitted that the period costs are not attributable
considered opinion and as per report of research committee of (ICAI) as
reproduced above, most critical input of DCF model is the Cash Flow
Projections
considered opinion and as per report of research committee of
(ICAI) as reproduced above, most critical input of DCF model is the
Cash Flow Projections
prudent
businessman, following AS 9 issued by ICAI the assessee has not recognized the said
income. In the present case, there is no question
operating activities of a
business. The accounting standards issued by the ICAI require that
accounting policies must be governed by the principles of "prudence
considered opinion and as per report of
research committee of (ICAI) as reproduced above, most
critical input of DCF model is the Cash Flow Projections
considered opinion and
as per report of research committee of (ICAI) as reproduced
above, most critical input of DCF model is the Cash Flow
Projections
