Standard (AS-7) issued by the Institute of Chartered Accountants of India (ICAI) wherein the two methods have been prescribed, namely, completed contract method ... standards issued by the premier accounting body of the country, i.e., ICAI. According to her, the method of accounting adopted by the assessee depicts
Standard (AS 7) issued by the Institute of Chartered Accountants of India (ICAI) wherein the two methods have been prescribed, namely, completed contract method ... standards issued by the premier accounting body of the country, i.e., ICAI. According to her, the method of accounting adopted by the assessee depicts
issued by research committee of The Institute of
Chartered Accountants of India (ICAI) as reproduced by CIT (A) in Para 4.6 of
his order ... research committee of The Institute of Charted
Accountants of India (ICAI). The same is as under:-
"4.6 In order to examine this issue
stated to be approved by the Institute of Chartered Accountants of India (ICAI) through its guidelines contained in accounting standard Nos. 7 and 9 published ... approved by the accounting standard Nos. 7 and 9 of the ICAI and finally that on the basis of the facts of the case
upon the Experts Advisory
Committee of Institute of Chartered Accountants of India (ICAI) wherein it was held that duty
credit should be recognized as other ... upon the accounting standard
12 on accounting of Government grants issued by ICAI with the submission that assessee
has treated the SFIS scrips utilised
relevant facts of the case. The Institute of Chartered Accountants of India (ICAI) is the premier Institute regulating the accountancy profession in India established under ... Central Government is authorised to issue Accounting Standards in consultation with the ICAI. Under the Companies Act, 1956 , it is also provided that
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
Guidance Note on
Accounting for Real Estate Transactions' issued by the ICAI although risks and
rewards might have been transferred on signing ... case. In this regard, it is important to note that ICAI had issued guidance
note titled "Guidance Note on Recognition of Revenue by Real
deducting Tax at Source.
4.4 Further, in the opinion of AO, the ICAI came out with
guidance note on accounting for real estate transactions (revised ... contractor/developer,
therefore the provisions of AS-7 issued by ICAI does not apply in
the case of the assessee. Further
deducting Tax at Source.
4.4 Further, in the opinion of AO, the ICAI came out with
guidance note on accounting for real estate transactions (revised ... contractor/developer,
therefore the provisions of AS-7 issued by ICAI does not apply in
the case of the assessee. Further
