Section 83 in The Companies (Indian Accounting Standards) Rules, 2015
83. Adjustments to Level 2 inputs will vary depending on factors specific to the asset or liability. Those factors include the following:
(a)the condition or location of the asset;(b)the extent to which inputs relate to items that are comparable to the asset or liability (including those factors described in paragraph 39); and(c)the volume or level of activity in the markets within which the inputs are observed.
