Whether grants should be recognised even in cases where there is no certainty that the conditions attached to the grant would be fulfilled.

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....sclosure standards<br>Income Tax<br>Manuals<br>Dated:- 30-8-2017<br>Manual - ICDS VII : Government Grants Under any circumstances, the revenue recognition cannot be deferred beyond the date of recei....

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....deferred credit. Therefore, the ICDS visualizes situations wherein the entire grant 'received' is not recognised as income but parked as unamortized deferred credit account. Thereby, income recognitio....