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
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
same is accrued
over the period of warranty by following the matching concept of income.
Our attention is drawn to the financial accounts
years, it can be allowed only if the principle of 'Matching Concept' is
satisfied, , which up to now has been restricted
years, it can be allowed only if the principle of 'Matching Concept' is satisfied, which
upto now has been restricted to the cases
more so keeping
in mind various judicial pronouncements and the concept of matching
of costs with revenues and timing issues, that the appellant ought ... taxable profits as per its view, hence not made
provisions then. Concept of matching costs with revenue is stressed
upon. However, during course of assessment
allowed to be spread
over provided the principle of matching concept is satisfied. Thus, considering
the above discussed factual and legal position, the expenditure incurred
years, it can be allowed only if the principle of "matching
concept" is satisfied, which up to now has been restricted
