CIT-I CHANDIGARH vs. M/S PB.INFO&COMM. TECH. CORP. LTD. CHD.
The appeals are dismissed
ITA/398/2009HC Punjab & Haryana18 Jan 2023
Bench: MS. JUSTICE RITU BAHRI,MRS. JUSTICE MANISHA BATRA
Section 143Section 271
cash and mercantile
system of the company. Sub-Section 2 of this Section, authorizes the Central
Government to notify from time to time Accounting Standards to be applied
by any class of assessees or in respect of any class of income. The
expression “Accounting Standards” within the meaning of Section 211 of
the Companies Act means the standards of accounting
