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    <title>Amendment of section 286.</title>
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    <description>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.</description>
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      <description>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.</description>
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