Daily Archives: September 22, 2015

ICAI opinion in guidance note can be used to compute taxable income

By | September 22, 2015

whether the assessee could take recourse to the “guidance note” issued by the Institute of Chartered Accountants of India qua accounting for lease in determination of its income, and whether the deduction as claimed by the assessee ought to be allowed ? Where assessee had maintained accounts as per guidance note on accounting for leases… Read More »