The Mumbai bench of ITAT has held that ICAI as an expert body of accountants

 The Mumbai bench of ITAT has held that ICAI as an expert body of accountants

The Mumbai bench of ITAT has held that ICAI as an expert body of accountants and the Guidelines for calculating turnover in transactions related to future and options can be relied upon in the absence of any statutory provision for computation of turnover in such cases.



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