Method of account - project completion method - Reversal of the ...

Reversal of Excess Profits in Project Completion Method Violates Accounting Standard AS-7, Unauthorized by Management.

January 19, 2017

Case Laws Income Tax AT

Method of account - project completion method - Reversal of the excess profits recognised as income in the post period - this kind of rectification / reversal of entries constitutes the amendment to the account unauthorizedly done by the management and it is outside the Accounting Standard (AS)-7 - AT

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Method of account - project completion method - Reversal of the ...

Reversal of Excess Profits in Project Completion Method Violates Accounting Standard AS-7, Unauthorized by Management.

January 19, 2017

Case Laws Income Tax AT

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