It's clear after studying guidance note on revised schedule VI that if there is conflict between AS and Revised Schedule VI , the AS will override the latter .
But if there is conflict between AS and any legal law , which will override ?
25 May 2013
Generally Law overrides the Standards notified under it. In Revised Sch. VI, AS is specifically granted overriding effect. But same permission is not granted to other laws so it is clear that AS will not override other laws.
CAclubindia
