meaning of a phrase
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 May 2010
sir,
greetings of the day!
Please clarify me the meaning of the below quoted phrase as i m unable to draw its clear meaning
"Language of the statute cannot be so precise to cover each and every possible situation"
Regards
greetings of the day!
Please clarify me the meaning of the below quoted phrase as i m unable to draw its clear meaning
"Language of the statute cannot be so precise to cover each and every possible situation"
Regards
Ankur Garg
(Expert)
08 May 2010
Meaning of this phrase is not really difficult.
In real professional life we have to face real situations which are totally unfolded as far as law makers are concerned.
Law makers can imagine certain situation based on their research and make rules and regulations for them. But to imagine each and every kind of possible situation is something impossible for anyone.
For example u must have heard the SATYAM SCAM. Who can imagine this kind of scam?
So after that scam there are certain changes in law for listed company from SEBI and ICAi.
Hope am able to bring some clarity.
In real professional life we have to face real situations which are totally unfolded as far as law makers are concerned.
Law makers can imagine certain situation based on their research and make rules and regulations for them. But to imagine each and every kind of possible situation is something impossible for anyone.
For example u must have heard the SATYAM SCAM. Who can imagine this kind of scam?
So after that scam there are certain changes in law for listed company from SEBI and ICAi.
Hope am able to bring some clarity.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GST input credit on commercial property
- GSTR-9C filing
- GST ITC as per notification 12/2023- central tax
- Urd purchase entry in tally prime
- TDS- 2026-27 Q1 Correction
- Applicability of tax on invoice
- Capital gains in IT returns
- How do you manage client document collection and follow-ups in your CA/CS practice?
- Royalty payments to the Mining Department for procurement of murum - GST input
- LLP audit and disclosure
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
