Provision: liability requiring substantial estimation under income-tax accounting guidance, affecting recognition and measurement in practice. Provision is a liability that can be recognised and measured only by applying a substantial degree of estimation; recognition and measurement depend on judgment rather than precise quantification under income-tax accounting guidance.
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.
Provision: liability requiring substantial estimation under income-tax accounting guidance, affecting recognition and measurement in practice.
Provision is a liability that can be recognised and measured only by applying a substantial degree of estimation; recognition and measurement depend on judgment rather than precise quantification under income-tax accounting guidance.
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