ICSI Auditing Standards aims to support the Company Secretaries in developing auditing acumen, techniques and tools and inculcate best auditing practices while conducting the audit and promote standardization and uniformity in the professional arena. Therefore, the Institute of Company Secretaries of India has issued guidance note on Auditing Standards
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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT
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