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2004 (9) TMI 569 - ITAT MUMBAI
Extract:
....... mooted by the ICAI which is binding on the assessee i.e. the auditors who did the auditing and they are bound to follow the guidelines issued by the ICAI. In the circumstances, the change adopted by the assessee is bona fide and the objection by the Revenue on this count is to be dismissed. 20. In the result, the appeal by the assessee is allowed.