Uncertainty over income tax treatments: Ind AS adds guidance on recognition, measurement and transition effects for tax uncertainties. Notification amends multiple Ind ASs effective 1 April 2019 to incorporate Annual Improvements to Ind AS (2018) and related amendments: Ind AS 101 allows an election on application of Appendix C (Uncertainty over Income Tax Treatments) for comparative information; Ind AS 103 clarifies remeasurement of previously held interests on acquiring control in joint operations; Ind AS 109 adds Prepayment Features with Negative Compensation and detailed transition, designation and disclosure rules; Ind AS 12 adds Appendix C prescribing recognition, measurement, assumptions, methods and transition for uncertain tax treatments; Ind AS 19, 23 and 28 receive targeted measurement and transition clarifications.
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.
Uncertainty over income tax treatments: Ind AS adds guidance on recognition, measurement and transition effects for tax uncertainties.
Notification amends multiple Ind ASs effective 1 April 2019 to incorporate Annual Improvements to Ind AS (2018) and related amendments: Ind AS 101 allows an election on application of Appendix C (Uncertainty over Income Tax Treatments) for comparative information; Ind AS 103 clarifies remeasurement of previously held interests on acquiring control in joint operations; Ind AS 109 adds Prepayment Features with Negative Compensation and detailed transition, designation and disclosure rules; Ind AS 12 adds Appendix C prescribing recognition, measurement, assumptions, methods and transition for uncertain tax treatments; Ind AS 19, 23 and 28 receive targeted measurement and transition clarifications.
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