Transition Amount definition excludes specified equity adjustments on the convergence date, preserving revaluation, FVOCI and deemed cost items. The Transition Amount means the amount or aggregate of amounts adjusted in other equity (excluding capital reserve and securities premium reserve) on the convergence date, but excludes: amounts in other comprehensive income that will be reclassified to profit or loss; revaluation surplus under Ind AS 16 and 38; gains or losses from equity investments designated at fair value through other comprehensive income under Ind AS 109; adjustments for items recorded at fair value as deemed cost and adjustments for investments in subsidiaries, joint ventures and associates and cumulative translation differences under specified paragraphs of Ind AS 101.
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Provisions expressly mentioned in the judgment/order text.
Transition Amount definition excludes specified equity adjustments on the convergence date, preserving revaluation, FVOCI and deemed cost items.
The Transition Amount means the amount or aggregate of amounts adjusted in other equity (excluding capital reserve and securities premium reserve) on the convergence date, but excludes: amounts in other comprehensive income that will be reclassified to profit or loss; revaluation surplus under Ind AS 16 and 38; gains or losses from equity investments designated at fair value through other comprehensive income under Ind AS 109; adjustments for items recorded at fair value as deemed cost and adjustments for investments in subsidiaries, joint ventures and associates and cumulative translation differences under specified paragraphs of Ind AS 101.
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