general
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 June 2010
sir in as-24 there is one sentence which i didnt understood could u explain me.a sentence is "Discontinuing ,even if relatively abruptly,several products within an ongoing line of business".
23 June 2010
Say for example ITC.
ITC is running large no. of Business lines.
Suppose ITC choose to stop producing BINGO or say "Sunfeast" or say "Superia".
The above is an example of discontinuance, but the line of business is still open and running.
So the line is Discontinuing at relatively abruptly.
Hope u understand the example.
Please note ITC name is taken just for example.
ITC is running large no. of Business lines.
Suppose ITC choose to stop producing BINGO or say "Sunfeast" or say "Superia".
The above is an example of discontinuance, but the line of business is still open and running.
So the line is Discontinuing at relatively abruptly.
Hope u understand the example.
Please note ITC name is taken just for example.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Supply through E-commerce Operators
- Sales return eway bill
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- STCG FOR GOLD ETFs
- STCG on ETF gold & silver
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- REGARDING GST LIABILITY/....
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
