Section 39AF(i) in The Companies (Indian Accounting Standards) Rules, 2015
(i)If the first-time adopter recognized goodwill in accordance with previous GAAP as a deduction from equity:(i)it shall not recognise that goodwill in its opening Ind AS Balance Sheet. Furthermore, it shall not reclassify that goodwill to profit or loss if it disposes of the subsidiary or if the investment in the subsidiary becomes impaired.(ii)adjustments resulting from the subsequent resolution of a contingency affecting the purchase consideration shall be recognized in retained earnings.
