Site Restoration Fund is an Ascertained Liability, Not Contingent, under MAT Framework per ICAI Guidelines.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....MAT - Treatment of provision of site restoration fund made in accordance with the guidelines issued by the ICAI, then it cannot be said as contingent liability - held as an ascertained liability - AT....