Conflict between as and revised schedule vi

Whose provision will be preferred in case of conflict between Accounting Standards 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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