Commentary on Income Computation and Disclosure Standards

Book discussing the ICDS provisions in detail with relevant back-up material derived from the case laws decided under the Income Tax Act, 1961. Containing detailed commentary on each ICDS. The full text of each ICDS has been reproduced as an Appendix at the end of the related Chapter for ready reference. A useful discussion on the ratio of select judicial pronouncements, which are in agreement as well as in conflict with the principles contained in ICDSs has also been made at appropriate places within the text, in order to throw light on the perception of the implications of the ICDSs on judicially settled legal positions. FAQs issued by CBDT incorporated at relevant places. Delhi High Court decision striking down certain provisions of ICDS discussed at relevant places along with corresponding amendments by the Finance Act, 2018. In addition a full chapter is devoted to this aspect.