Lease Land
This query is : Resolved
27 July 2009
land is in dispute (dealt by High
Court). But sale deeds are clearly specified in our name. Advocate
informed us the source document to recognize the asset in our books is
sale deed. Hence we can recognize the asset in our books with a notes
on accounts indicating dispute on land at High court.
My question is whether i will so that land in my books of accounts if yes what will be the treatment.
Another qouestion what will be the profit or loss if i court final decision will go in my fabour or not and say the treatment
Court). But sale deeds are clearly specified in our name. Advocate
informed us the source document to recognize the asset in our books is
sale deed. Hence we can recognize the asset in our books with a notes
on accounts indicating dispute on land at High court.
My question is whether i will so that land in my books of accounts if yes what will be the treatment.
Another qouestion what will be the profit or loss if i court final decision will go in my fabour or not and say the treatment
11 August 2009
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