Accounting year definition changed for alternate reporting entities so they follow the parent entity's annual reporting period. Amendment changes the definition of accounting year in section 286(9)(a)(i) so that an alternate reporting entity resident in India, whose ultimate parent is abroad, uses the annual accounting period for which the parent prepares financial statements under applicable law or accounting standards of its residence jurisdiction; the amendment omits the prior reference to alternate reporting entity and applies retrospectively to the stated commencement.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Accounting year definition changed for alternate reporting entities so they follow the parent entity's annual reporting period.
Amendment changes the definition of accounting year in section 286(9)(a)(i) so that an alternate reporting entity resident in India, whose ultimate parent is abroad, uses the annual accounting period for which the parent prepares financial statements under applicable law or accounting standards of its residence jurisdiction; the amendment omits the prior reference to alternate reporting entity and applies retrospectively to the stated commencement.
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