Whose provision will be preferred in case of conflict between Accounting Standards and Revised Schedule VI?
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Conflict between as and revised schedule vi
Replies (2)
Accounting standard as has been expressly mentioned in the schedule.
In case of conflict b/w AS and Revised Schedule VI ,Provision of AS may be follow because it is stated in the Revised Schedule Vi that
"Requirements of the Act and/or Standards will override the related requirement of Schedule VI."
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