Essential Ingredients of Reopening of the Assessment as observed by the Apex Court in Phoolchand Bajranglal & Anr Vs ITO During the case of reassessment, can Assessee pleads that “you accepted my lie, now your hands are tied and you can do nothing”.
Income Computation and Disclosure Standard X – Relating to provisions, contingent liabilities and contingent assets
Income Computation and Disclosure Standard VI : Relating to the effects of changes in foreign exchange rates