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In case of conflict between the accounting standards and law, …………… (a) the accounting standards shall prevail. (b) the law shall prevail.

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In case of conflict between the accounting standards and law, ……………

(a) the accounting standards shall prevail.
(b) the law shall prevail.
(c) the Central Government shall prevail.
(d) the Income Tax Authority shall prevail.

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1 Answer

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Correct option is (b) the law shall prevail.

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