conditions provided in the accounting
standards with regard to pooling of interest method are satisfied except that items of assets of the
amalgamated company have ... method. The Pr. CIT has stated that Assessing Officer has failed
to examine whether the assessee had followed purchase method or pooling
of interest method
there are two methods of
accounting namely pooling of interest method and purchase method which are
applied for recording the transaction arising in the scheme ... under para 3(e) of AS 14 are fulfilled, then pooling of interest method of
accounting should be applicable. Under pooling of interest method
interest
method and purchase method. If the scheme of the amalgamation fulfils the conditions of
para 3(e) of the Accounting Standard-14, then pooling ... amalgamations:
(a) the pooling of interests method; and
(b) the purchase method
8. The use of the pooling of interests method is confined to circumstances
findings of the Assessing Officer
with respect to the pooling of Interest method followed in the assessee's case of merger,
the result ... accounted by way of two methods viz., One - Purchase
method and Two - Pooling of interest method. Amalgamation is a form of
transfer
findings of the Assessing Officer
with respect to the pooling of Interest method followed in the assessee's case of merger,
the result ... accounted by way of two methods viz., One - Purchase
method and Two - Pooling of interest method. Amalgamation is a form of
transfer
findings of the Assessing Officer
with respect to the pooling of Interest method followed in the assessee's case of merger,
the result ... accounted by way of two methods viz., One - Purchase
method and Two - Pooling of interest method. Amalgamation is a form of
transfer
that the accounting of merger should have been
under "pooling of interest method" wherein the difference between
the value of investments ... points. The criteria applicable, it is urged is 'pooling of interests
method' in para 3 (e) of AS-14. On the other hand
para
14.2 at page 152 of Paper Book 1). Pooling of Interests Method is
generally applied where object of amalgamation is as if the separate ... fact that despite following the pooling
of interest method, the Appellant has still recognised the excess of
purchase consideration paid as Goodwill, and not adjusted
interest
method and purchase method. If the scheme of the amalgamation fulfills the conditions of
para 3(e) of the Accounting Standard-14, then pooling ... main methods of accounting for amalgamations:
(a) the pooling of interests method; and
(b) the purchase method.
ITA Nos. 682 to 684/Ahd/2023 ( KIFS
interest
method and purchase method. If the scheme of the amalgamation fulfills the conditions of
para 3(e) of the Accounting Standard-14, then pooling ... main methods of accounting for amalgamations:
(a) the pooling of interests method; and
(b) the purchase method.
ITA Nos. 682 to 684/Ahd/2023 ( KIFS
