The opinions contained in this compilation are of the competent Committees constituted by the Council of the Institute and are of operational nature and not on issues on which relevant laws and rules are not explicit. These “Selected Opinions” are not a compendium of “legal advice”.
The opinions issued by the Committees to the members’ queries are dated. Since an opinion is arrived at on the basis of the facts and circumstances of each individual query, it may change if the facts and the circumstances change. An opinion may also change due to subsequent developments in law, pronouncements made by the Institute and other relevant changes. The Institute and the Committees will have no liability in connection with such opinion.
In every case the members have to take their own decisions in the light of facts and circumstances in accordance with related laws and rules etc., applicable to the issue under decision at that point in time.
1.1 Accounting for Project Development Expenditure and Costs Related Thereto
1.2 Accounting for Leases – IAS17
1.3 Accounting Treatment of Tools and Parts
1.4 Application of International Accounting Standard (IAS) – 39
1.5 Deferred Tax
1.6 Impact of Withdrawal of TR-20
1.7 Incorporation of NIT Dividend as Income
1.8 Interpretation / Implementation of International Accounting Standard (IAS 39)
1.9 Measurement of Interest Free (Low Interest Rate Loans Received)
1.10 Re-classification of the Shares
1.11 Recognition of Income by Leasing Companies
1.12 Reserve on Amalgamation
1.13 Revaluation of Leasehold Land
1.14 Valuation of Unquoted Investment