Indian Kanoon - Search engine for Indian Law

Dcit Circle 1 , Tirunelveli vs Rm Kv Fashion Garments Pvt Ltd, ... on 30 April, 2018

from the sale of the goods. However, the application of the matching concept under this Framework does not allow the recognition of items ... already recognized (accrued). In other words, it is not based on matching concept. Under the matching concept, if revenue is recognized the cost incurred

provisions were necessary to arrive at the on the basis of matching concept that provision for warranty had been allowed as deduction by the Tribunal ... recognized (accrued). In other words, it is not based on the matching concept. Under the matching concept, if revenue is recognized the cost incurred

recognized (accrued). In other words, it is not based on a matching concept. Under the matching concept, if revenue is recognized, the cost incurred ... warranty cost in its account for the relevant year, otherwise the matching concept would fail. In such a case, the second option is also inappropriate

recognized (accrued). In other words, it is not based on a matching concept. Under the matching concept, if revenue is recognized, the cost incurred ... warranty cost in its account for the relevant year, otherwise the matching concept would fail. In such a case, the second option is also inappropriate

purpose of disclosure in financial statements in consonance with matching concept principles decided to amortise subsidised cost over a period of agreement. However ... over a period of agreement by following 6 Scrabble Entertainment Ltd matching concept principles of accounting. However, without any material changes in facts, changed

authorities below and submitted that the present case is against the matching concept i.e., revenue vs. corresponding expenses, thereby warranting addition even though ... held that such treatment given by the assessee is against the matching concept (i.e. revenue vs. corresponding expenses) and therefore, the brand building expenses

would be of a revenue nature. The assessee company follows the matching concept of accountancy, hence the expenses before commencement of business are added ... period should also be allowed as revenue expenditure by applying matching concept which results into a revenue loss of Rs. 1.74 crores. 5. However

company is unreliable and inaccurate as it does not adhere to the matching principle. He has 7 ITA Nos. 410/Del/2013 & Ors. submitted ... this comparable in many cases. Since this company does not follow Matching concept, the is a distinct possibility of expenditure in relation to the revenue

Profit & Loss Account. Hence, following the principle of Matching concept the gross receipt on account of Land Premium and Lease rent is not taxable