Indus Towers Limited has secured a favorable ruling from the Income Tax Appellate Tribunal (ITAT) regarding the denial of ...

Indus Towers' shares rose 2% after a favorable ruling from the Income Tax Appellate Tribunal (ITAT) on depreciation claims ...

Australia and New Zealand include contingent explicit liabilities and contingency expenditure provisions in government financial statements. Italy and the United States make budget appropriations for ...

“It is the contingent liability ... ultimate outcome of the matters could not be determined and no provision for any liability that may result was made in the financial statement,” she ...

The ITAT dismissed the tax department's objections, leading to a reduction in the company’s contingent liability by approximately Rs 3,500 crore. The case stems from the 2020 merger between Indus ...

Pakistan’s state-owned enterprises (SOEs) losses hit a staggering loss of Rs. 408 billion, bringing accumulated losses since ...

The ruling also addressed other related issues, including disallowance of provision for expenses and amortisation of Asset ...