The Hyderabad bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the profit and loss adopted in the annual general meeting (AGM) which was subsequently qualified by the statutory auditors cannot be altered later. The assessee claimed that it had not followed AS – 13 in finalizing the financial statement which […]
The post Profit and Loss adopted in AGM Qualified by Auditors can’t be Altered: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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