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Income Tax - Highlights / Catch Notes

Home Highlights March 2015 Year 2015 This

Revenue recognition as per AS-7 - guidance note was issued in ...

Income Tax

March 13, 2015

Revenue recognition as per AS-7 - guidance note was issued in 2012 and could not have been the basis for the additions made. Under such circumstances, in our opinion, the correct approach should be to examine the reasonableness of claim rather than strictly apply a guidance note - HC

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